These Hedge Funds Have Sizable Stakes in SoFi

Shares of the fintech company surged on Wednesday after Rosenblatt Securities initiated a buy recommendation.

(Gabby Jones/Bloomberg)

(Gabby Jones/Bloomberg)

SoFi Technologies’ shares were on the move Wednesday.

They surged 5 percent to nearly $22 after Rosenblatt Securities initiated coverage of the stock with a buy rating and 12-month price target of $30.

This is good news for many hedge funds with stakes in the fintech company, which is also described as a challenger bank.


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