Analyst Opinion Mixed on SoFi Technologies (SOFI) Stock in February

SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the best WallStreetBets stocks to buy according to analysts.

According to a report released on February 18, Truist Financial analyst Matthew Coad reaffirmed a Hold rating on SoFi Technologies, Inc. (NASDAQ:SOFI). He lowered the firm’s price target on the stock from $28 to $21. The firm’s revised price target reflects an additional 18.2% upside from the current levels.

Earlier, SoFi Technologies, Inc. (NASDAQ:SOFI) had already seen improving analyst sentiment prior to the rating. On February 9, Citizens JMP analyst Devin Ryan upgraded the stock from Market Perform to Outperform while keeping the firm’s $30 price target. The firm’s price target implies a further 66% upside from current levels, given a 35% YTD fall so far.

According to the firm, the recent shift away from high-growth stocks has weighed on names like SoFi Technologies, Inc. (NASDAQ:SOFI). The firm said that the selloff is not mainly driven by short-term economic concerns, but rather by technical factors and market style changes. Citizens view it as a buying opportunity for investors.

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SoFi Technologies, Inc. (NASDAQ:SOFI) operates as a financial services provider across Canada, the United States, Hong Kong, and Latin America. The company operates in the Technology Platform, Lending, and  Financial Services segments. It provides the SoFi Credit Card, SoFi Relay, SoFi Protect, SoFi Travel, SoFi At Work,  Lantern Credit, and others.

Disclosure: None.