SoFi Technologies shares are trading lower after Compass Point initiated coverage on the stock with a Sell rating and announced a $5 price target.
Portfolio Pulse from Benzinga Newsdesk
SoFi Technologies shares are trading lower after Compass Point initiated coverage on the stock with a Sell rating and announced a $5 price target.

June 23, 2023 | 3:14 pm
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NEGATIVE IMPACT
SoFi Technologies' stock price is negatively impacted by Compass Point's Sell rating and $5 price target.
SoFi Technologies' stock price is trading lower due to the initiation of coverage by Compass Point with a Sell rating and a $5 price target. This negative outlook from a reputable analyst firm can lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100