Piper Sandler Downgrades SoFi Techs to Neutral, Raises Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Piper Sandler analyst Kevin Barker downgraded SoFi Techs (NASDAQ:SOFI) from Overweight to Neutral and raised the price target from $6.5 to $8.
June 16, 2023 | 8:44 am
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SoFi Techs downgraded to Neutral by Piper Sandler, with a raised price target of $8.
The downgrade from Overweight to Neutral indicates that the analyst believes the stock's performance will be in line with the market. However, the raised price target from $6.5 to $8 suggests that the analyst sees some potential for the stock to grow. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100