UBS Just Raised Its Price Target on SOFI Stock

SoFi (NASDAQ:SOFI) stock is now down by about 16% compared to the closing price on Jan. 29, the day that the company reported its fourth-quarter earnings, effectively wiping out all of its earnings gains. However, UBS analyst Tim Chiodo raised his price target to $8 from $7 this morning while maintaining a “neutral” rating, implying an upside of just below 4% from current prices. UBS first initiated coverage of SoFi in October with a $7 price target and a “neutral” rating.On TipRanks, Chiodo is ranked at #2 ...