Mizuho Maintains Buy on SoFi Techs, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Dan Dolev has maintained a Buy rating on SoFi Technologies (SOFI) but has reduced the price target from $15 to $12. The adjustment reflects a change in valuation while still endorsing the stock as a good investment.
January 18, 2024 | 5:24 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Mizuho analyst Dan Dolev maintains a Buy rating on SoFi Technologies but lowers the price target from $15 to $12, indicating a positive outlook with a more conservative valuation.
While the reduction in the price target could be perceived negatively by the market, the maintenance of a Buy rating by Mizuho suggests that the analyst still sees potential in SOFI's stock. The lowered price target may reflect market conditions or revised earnings expectations, but the endorsement implies that the fundamentals remain strong. Investors may react cautiously in the short term, balancing the positive rating with the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100