BTIG initiates fintech coverage with Buy ratings for SoFi, Upstart, and PayPal
TL;DR
BTIG analyst Lance Jessurun initiated coverage of several fintech firms, including PayPal, SoFi Technologies, and Upstart Holdings, with Buy ratings, citing a preference for names tied to recurring IT spend. SoFi and Jack Henry & Associates are most favored, with SoFi well-positioned to succeed against a gloomy consumer financial spending outlook. Affirm is the only stock that nabbed a Sell rating due to its exposure to discretionary spending and expense growth outpacing revenues.
- SoFi, Upstart, PayPal snag Buy ratings as BTIG starts new fintech coverage (NASDAQ:SOFI) Seeking Alpha
- SoFi Stock Gets a New Street High Price Target TipRanks
- SoFi Technologies, Inc. (SOFI) Stock Jumps 12.0%: Will It Continue to Soar? Yahoo Finance
- SoFi Stock Charges Ahead. Why These Analysts Call It a 'Top Pick.' Barron's
- Where Will SoFi Stock Be in 1 Year? The Motley Fool
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