Piper Sandler Maintains Neutral on SoFi Techs, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kevin Barker has maintained a Neutral rating on SoFi Technologies (NASDAQ:SOFI) but reduced the price target from $9 to $8.5.
November 17, 2023 | 5:20 pm
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Piper Sandler has maintained a Neutral rating on SoFi Technologies but has lowered the price target from $9 to $8.5, indicating a potential downside compared to the previous target.
The reduction in price target by Piper Sandler suggests a less optimistic valuation of SoFi Technologies, which could lead to a negative short-term reaction in the stock price as investors adjust their expectations.
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