"Despite concerns surrounding economic volatility and looming recessions, SoFi Technologies Inc. has shown resilience, with a 53.3% increase in stock price over the past year."
"Investment firms like Morgan Stanley and Needham are optimistic about SoFiâs prospects, having raised their price targets substantially, reflecting a positive outlook despite market conditions."
SoFi Technologies Inc. shares have seen a recent uptick of 2.6%, showing resilience in a volatile market driven by tariffs and recession fears. Despite being down 28.7% year-to-date, the stock has gained 53.3% over the past year. Analysts remain optimistic with Morgan Stanley and Needham increasing their price targets significantly, indicating a favorable outlook. The company's recent $2 billion loan agreement highlights its growth trajectory, aiming to enhance its comprehensive financial services for affluent customers, which is expected to drive future growth.
Read at 24/7 Wall St.
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