Benzinga

Why SoFi Shares Are Trading Higher Today

SoFi Technologies Inc (NASDAQ: SOFI) shares are trading higher after Morgan Stanley initiated coverage on the stock with an Overweight rating, stating that two catalysts could help move the stock higher. Morgan Stanley analyst Betsy Graseck gave SoFi’s stock a price target of $25.00, which is higher than the average Wall Street price target of $23.83. Graseck noted “Initiating on SoFi, a powerful revenue growth story as it ramps share of the consumer financial services wallet.” “Competition is r

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