Keefe, Bruyette & Woods Downgrades SoFi Techs to Underperform, Lowers Price Target to $6.5
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Perito downgraded SoFi Technologies (SOFI) from Market Perform to Underperform and reduced the price target from $7.5 to $6.5.
January 03, 2024 | 9:49 am
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SoFi Technologies was downgraded by Keefe, Bruyette & Woods from Market Perform to Underperform, with a price target decrease from $7.5 to $6.5.
The downgrade by a reputable analyst firm like Keefe, Bruyette & Woods typically has a negative impact on investor sentiment and can lead to a short-term decline in the stock price. The reduction in the price target further emphasizes the analyst's bearish outlook on the stock, which may influence investors to reassess the company's valuation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100