SoFi Analyst Upgrades Stock, Predicts Strong Future
Analyst Timothy Switzer Raises Rating
Wall Street analyst Timothy Switzer of Keefe Bruyette Woods has upgraded his rating on SoFi Technologies (SOFI) from "hold" to "buy." Switzer cited the company's strong financial performance and growth prospects as reasons for the upgrade.
Bold Predictions for SoFi's Future
Switzer also made several bold predictions for SoFi's future: he expects the company's deposits to exceed its loan portfolio, its revenue to reach $24 billion by 2024, and its average 12-month price target to reach $908.
Conclusion
Switzer's upgrade and predictions have sent a positive signal to investors about SoFi's future prospects. With strong financial performance and a promising roadmap for growth, SoFi appears to be well-positioned for continued success in the coming years.
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