SoFi Technologies (SOFI) and Digital Turbine (APPS) Receive Bullish Ratings, Top Furu Chatter on Twitter

SoFi Technologies (NASDAQ:SOFI) topped the Furu chatter list on Wednesday, receiving 37 mentions (versus an average of 5 total Furu mentions per day. Yesterday, an analyst at Jefferies covered SOFI, and issued a “Buy” rating with a price-target of $25 per share.

Following this news, SOFI saw an influx of options flow, as well as a healthy jump in stock price, during Wednesday’s trading session.

While SOFI climbed from a sub-$16 open to a daily high of $17.04 during morning trading on Wednesday, the Unusual Whales Flow tool demonstrated the bullish sentiment that was fueled by the price target upgrade. The $15 call strike was the main target of options buyers, some expiring in October (10/15/2021), and many purchased with long-term bullish expectations, expiring in April of 2022.

Another company received similar treatment yesterday. Mobile software maker, Digital Turbine (NASDAQ:APPS), received a an IBD Composite Rating from Investor’s Business Daily of 91; indicating that the Austin, Texas based software company secures its place in the top 9% of all stocks within that same rating system. The strength boasted by this rating appears in the options flow, as well.

Unusual Whales Options Flow for APPS on Wednesday shows expectations not only for a short term upside, but also shows signs that investors expect the company to maintain strength in the future. Close-dated orders on the $70 call strike for September and October expirations saw the most action on the flow tool; but we also see investors focusing on 2023 and 2024 expiration dates.

Both of these companies seem to hold bullish expectations both in the short term, and the long term. Obviously, there’s no way to say for sure how long a given stock will “run”, but it appears from the news and the flow that investors have their eyes on both SoFi and Digital Turbine moving forward.

SOFI closed the Wednesday trading session at $16.84; and in premarket trading today, is up an additional 1.96% to $17.17.


APPS closed on Wednesday at $70.41. During premarket trading today, APPS is up $0.29 to $70.70; a 0.29% gain.

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