SoFi Loan Boom Impresses But Bank Of America Sticks To 'Underperform'

Bank of America Securities analyst Mihir Bhatia reiterated the Underperform rating on SoFi Technologies, Inc. SOFI on Friday, with a price forecast of $13.At the 45th Annual William Blair Growth Stock Conference on Wednesday, SoFi CFO Chris Lapointe showcased the company's expanding reach. It now boasts approximately 11 million members and over 15 million products.The analyst notes that SoFi’s Financial Services products—Money, Relay, and Invest—are broad-entry tools that attract users to its platform.Also ...