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SoFi stock fluctuates amid record earnings and crypto pivot (22 clusters)
SoFi Technologies price target cut to $17, shares fall 2%
Truist Financial lowered its price target for SoFi Technologies (NASDAQ:SOFI) to $17 per share. Following the downgrade, SoFi's stock dropped about 2.2% in trading.
The analyst downgrade and reduced target reflect Truist's revised outlook for the fintech company's earnings and growth prospects.
Sources
SoFi Technologies (NASDAQ:SOFI) Stock Price Down 3.7% After Analyst Downgrade
[www.marketbeat.com]
SoFi Technologies (NASDAQ:SOFI) Price Target Lowered to $17.00 at Truist Financial
[www.americanbankingnews.com]