$SoFi Technologies Inc.(SOFI)$Came across a new SOFI article on Barron's. Let's load up and go for $17!
"SoFi Technologies stock is a buy because the company will deliver strong revenue growth thanks to its member growth and vertically integrated platform, BofA said Friday.
Analyst Mihir Bhatia initiated coverage on the financial services platform on Friday with a Buy rating and a price target of $17.
The stock (ticker: SOFI) rose 6.3% to $13.17 on the news in recent trading. It has fallen 17% year to date.
Bhatia estimates a revenue growth rate of more than 40% compounded annually from 2021 to 2024. In addition, he expects a substantial margin expansion to 22% in 2022 from 3% in 2021."
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