SoFi Technologies Stock Forecast: $SOFI shares charge higher off recent all-time lows
SOFI Stock Forecast: Needs to get back above the $10 threshold
Wednesday's run-up for SoFi stock is good for shareholders, but it still has ways to run before it can return to a bullish trajectory. Simply put, SOFI is trading below the $10 threshold where its SPAC raised the investment that it would later use to merge with SoFi. Anytime a SPAC stock trades below $10, it is a bad sign. Only two days ago, SOFI shares reached their all-time low., support comes from earlier this week at $7.80.
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