B of A Securities Downgrades SoFi Techs to Neutral, Raises Price Target to $10
Portfolio Pulse from richadhand@benzinga.com
Bank of America Securities analyst Mihir Bhatia downgraded SoFi Technologies (NASDAQ:SOFI) from Buy to Neutral and raised the price target from $9.5 to $10.
June 16, 2023 | 11:15 am
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NEUTRAL IMPACT
SoFi Technologies downgraded to Neutral by BofA Securities, with a raised price target of $10.
The downgrade to Neutral from Buy by BofA Securities indicates that the analyst believes the stock's potential upside is limited in the short term. However, the raised price target from $9.5 to $10 suggests that the analyst still sees some potential for growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
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IMPORTANCE 80
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