Companies in the Technology sector have received a lot of coverage today as analysts weigh in on SoFi Technologies (SOFI – Research Report) and GigaCloud Technology, Inc. Class A (GCT – Research Report).
SoFi Technologies (SOFI)
SoFi Technologies received a Hold rating and an $8.00 price target from Piper Sandler analyst Kevin Barker today. The company’s shares closed last Thursday at $9.55, close to its 52-week high of $10.23.
According to TipRanks.com, Barker is a 5-star analyst with an average return of
SoFi Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $8.73, representing a -4.9% downside. In a report released yesterday, Oppenheimer also downgraded the stock to Hold with a $8.00 price target.
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GigaCloud Technology, Inc. Class A (GCT)
GigaCloud Technology, Inc. Class A received a Buy rating and a $13.00 price target from Roth MKM analyst Matt Koranda today. The company’s shares closed last Thursday at $7.84, close to its 52-week low of $4.14.
According to TipRanks.com, Koranda is ranked #6766 out of 8414 analysts.
Currently, the analyst consensus on GigaCloud Technology, Inc. Class A is a Moderate Buy with an average price target of $13.00.
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