Sofi stock price today ticks up to $8

Sofi stock price today ticks up to $8.03 following reports of rising daily active users on its platform. Analysts suggest customer engagement metrics are important catalysts for valuation rerating. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. While Adelson increased his price target for SOFI stock, he reiterated a Sell rating. Adelson and several other Wall Street analysts are sidelined or bearish on SOFI due to valuation concerns, as they believe that the optimism about the company’s growth potential is already priced into the stock. Sofi stock price today maintains $8.05, holding above its 50-day moving average. Chartists say this technical strength often precedes a bullish phase if volume continues to rise.