Why These 5 Stocks Are in the Spotlight on Monday

4. SoFi Technologies, Inc. (NASDAQ:SOFI) has ascended 3.70% as of 12:48 PM ET after Kevin Barker at Piper Sandler upgraded the stock from a Neutral to an Overweight rating with a price target of $10. The target assumes a potential upside of 48.14% from the last closing price. The stock price of SoFi Technologies, Inc. (NASDAQ:SOFI) has lost 70% of its value in the last six months, primarily because of the extension of the student loan moratorium by the US government and a hike in interest rates. The analyst thinks that the sell-off in stock is overdone in the market as SoFi Technologies, Inc. (NASDAQ:SOFI) is expected to experience strong growth in EBITDA during the second half of this year and 2023.

SoFi Technologies, Inc. (NASDAQ:SOFI) was held by 24 hedge funds at the end of Q4 2021.