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Analysts Offer Insights on Financial Companies: SoFi Technologies (SOFI) and Eastern Bankshares (EBC)

Analysts have been eager to weigh in on the Financial sector with new ratings on SoFi Technologies (SOFIResearch Report) and Eastern Bankshares (EBCResearch Report).

SoFi Technologies (SOFI)

Seaport Global analyst Bill Ryan maintained a Hold rating on SoFi Technologies today. The company’s shares closed last Monday at $7.05.

According to TipRanks.com, Ryan is a 1-star analyst with an average return of -11.4% and a 40.0% success rate. Ryan covers the Financial sector, focusing on stocks such as Discover Financial Services, Bread Financial Holdings, and Capital One Financial.

Currently, the analyst consensus on SoFi Technologies is a Hold with an average price target of $9.14, implying a 24.0% upside from current levels. In a report released yesterday, KBW also assigned a Hold rating to the stock with a $7.50 price target.

See today’s best-performing stocks on TipRanks >>

Eastern Bankshares (EBC)

Seaport Global analyst Laurie Havener reiterated a Buy rating on Eastern Bankshares today and set a price target of $18.00. The company’s shares closed last Monday at $12.82.

According to TipRanks.com, Havener is a 4-star analyst with an average return of 5.0% and a 53.3% success rate. Havener covers the Financial sector, focusing on stocks such as Western New England Bancorp, Washington Bancorp, and Webster Financial.

Eastern Bankshares has an analyst consensus of Strong Buy, with a price target consensus of $17.00, implying a 30.1% upside from current levels. In a report issued on April 25, KBW also assigned a Buy rating to the stock with a $17.00 price target.

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