Piper Sandler Reiterates Neutral on SoFi Techs, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kevin Barker has reiterated a Neutral rating on SoFi Technologies (SOFI) and reduced the price target from $8.5 to $8.

March 11, 2024 | 1:27 pm
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Piper Sandler has maintained a Neutral rating on SoFi Technologies but lowered the price target from $8.5 to $8.
The reduction in the price target by a reputable analyst firm like Piper Sandler could lead to a negative short-term sentiment among investors, potentially causing a decrease in SOFI's stock price. The Neutral rating suggests no significant change in the company's fundamentals, but the lowered price target indicates a slight adjustment in market expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100