Jefferies Maintains Buy on SoFi Techs, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Hecht maintains a Buy rating on SoFi Technologies (SOFI) but lowers the price target from $15 to $12.

March 26, 2024 | 2:50 pm
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Jefferies maintains a Buy rating on SoFi Technologies but lowers the price target from $15 to $12.
While the maintenance of a Buy rating by Jefferies indicates continued confidence in SoFi Technologies' fundamentals and growth prospects, the reduction in the price target from $15 to $12 may signal concerns about near-term challenges or market conditions that could temper investor enthusiasm. This mixed signal could lead to short-term price volatility as investors reassess their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100