Investment Firm Initiates Coverage on SOFI with Buy Rating

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Investment Firm,Coverage,SOFI

Needham, an investment firm, has initiated coverage on SOFI with a buy rating and set a price target of $10 per share. The analyst believes that SOFI is a long-term winner in the lending platform industry.

A new bullish call from Needham, the investment firm initiating coverage on SOFI with a buy rating and setting a price target of $10 per share. The analyst claims that SOFI has effectively built a better mousetrap as a digital lending platform.

Shares are up by about 3.25% on the news.

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