SoFi Technologies has had a strong week with shares increasing by 9.40%, despite a small decline of 0.61% on Friday. Over the past two weeks, the stock has risen 27.36%, bolstered by a "Buy" rating from William Blair & Company and a $525 million capital raise through a loan program with PGIM. SoFi's stock has surged over 152% since hitting a low of $6.32 six months ago. However, analysts express concern over the stock’s high price ahead of the upcoming Q4 earnings report.
Despite a slight decline on Friday, SoFi Technologies stock has seen significant growth of over 9% this week and continues its upward trend.
The main drivers behind SoFi's stock rally are a new "Buy" rating from William Blair & Company and a successful $525 million loan program.
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