SoFi's stock is still 'controversial,' but this analyst sees a sign of progress

"SoFi's efforts to educate investors about its strategy, liquidity, fair-value accounting, financial model and credit quality are paying...

SoFi Technologies Inc.’s stock remains “controversial,” notes Truist analyst Andrew Jeffrey, but the financial-technology company’s management has been improving its messaging.

He wrote Monday that “SoFi’s efforts to educate investors about its strategy, liquidity, fair-value accounting, financial model and credit quality are paying dividends,” while lifting his price target to $11 from $8 and reiterating a buy rating. See also: SoFi’s stock draws extreme reactions. What one analyst thinks will follow the latest surge.

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