SoFi Technologies Stock Is Sliding: What's Going On?
Portfolio Pulse from Adam Eckert
SoFi Technologies Inc (NASDAQ:SOFI) shares are trading lower following a downgrade from Oppenheimer analyst Dominick Gabriele, who cited valuation concerns. This comes after the stock rallied more than 90% over the last month and received several price target raises from other analyst firms.

June 15, 2023 | 1:09 pm
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SoFi Technologies' stock is trading lower after Oppenheimer downgraded it due to valuation concerns, despite recent price target raises from other firms.
SoFi Technologies' stock is trading lower due to the downgrade from Oppenheimer, which cited valuation concerns. This is a negative short-term impact on the stock price, as it may cause investors to reevaluate their positions. Despite recent price target raises from other firms, the downgrade from a prominent analyst like Dominick Gabriele is likely to have a more significant impact on the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100