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Why Shares of SoFi Surged This Week

TheMotleyFool

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Shares of the popular fintech company SoFi Technologies (NASDAQ: SOFI) had jumped more than 20% on the week at the end of trading Thursday, after receiving several bullish calls from analysts and a television personality.

On Monday, Morgan Stanley analyst Betsy Graseck initiated coverage on SoFi, assigning the stock an overweight rating and a $25 price target. Even after its run this week, SoFi trades at roughly $19.62 per share.

"Initiating on SoFi, a powerful revenue growth story as it ramps share of the consumer financial services wallet," Graseck wrote in her research note.

Source Fool.com

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