That is an 85% upside of yesterday's $18.39 closing price!Betsy Graseck of Morgan Stanley mentioned the time before the forbearance end date of January 31, 2022, provides an opportunity for investors to enter the stock now before it breaks out of the range of the past 6 months. However, I think it will break out of range within several days of the likely Bank Charter announcement!Key takeaways from the article:Morgan Stanley initiated an overweight rating with a $25 price targetExpects customer base to double over the next 2 yearsSoFi is unique with a lead on refinancing on high yield student loanStudent loan deferment will end on January 31, 2022Sharp 154% compound annual growth rate in SoFi's financial services over the next two yearsThe bull case for a $34 price target if SoFi obtains its bank charter by early 2022 (I doubt the bank charter won't happen way before that time!)https://ift.tt/3v5y2XZ
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