KBW Just Raised Its Price Target on SoFi (SOFI) Stock

SoFi (NASDAQ:SOFI) stock is moving higher after the personal finance company received a price target update from Keefe, Bruyette & Woods (KFW).KFW raised its SOFI stock price target to $7.50 from $6.50 while upgrading its rating to “market perform” from “underperform.” In January, the research firm lowered its price target to $6.50 from $7.50.While KBW analyst Timothy Switzer still has concerns about earnings risk over the long term, he believes that the risk of near-term negative catalysts has been reduced ...