Citigroup Maintains Buy on SoFi Techs, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar has maintained a Buy rating on SoFi Technologies (SOFI) but has reduced the price target from $12 to $11.

November 24, 2023 | 2:46 pm
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Citigroup has maintained a Buy rating on SoFi Technologies but lowered the price target from $12 to $11, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of a Buy rating suggests Citigroup's continued confidence in SoFi Technologies' fundamentals and growth potential. However, the reduction in the price target could reflect a more conservative valuation or a response to market conditions, which may temper short-term investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100