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Jefferies initiates SoFi at buy, says stock can surge more than 60%

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The website for Social Finance (SoFi) on a smartphone arranged in the Brooklyn borough of New York, U.S., on Friday, March 26, 2021.

Gabby Jones | Bloomberg | Getty Images

Leading personal finance app SoFi is still early in its growth cycle and its stock has major upside, according to Jefferies.

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