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SoFi Stock Pops as Bank of America Upgrades to Buy

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Shares of SoFi Technologies Inc. (NASDAQ:SOFI) are trading 3% higher on Wednesday after a Bank of America analyst upgraded to Buy from Neutral with a $9 per share price target from $8.

The analyst sees an attractive valuation as SoFi trades at about 1.0x book value as of June 30.


Cathie Wood's tech-heavy innovation fund has lost over 50% of its value this year, but she bought the dip in yesterday's stock rout

Tuesday's brutal selloff in the aftermath of August's hotter-than-expected inflation print looked like opportunity to Cathie Wood's Ark Investment Management.

The firm bought 27 stocks across its eight exchange-traded funds on Tuesday, according to data compiled by Bloomberg. The largest buy was Roku Inc., which is already the third biggest holding in the firm's flagship $8 billion ARK Innovation ETF (ticker ARKK).


Read more here...






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