SoFi (SOFI) Down 28% From 52-Week High

SoFi Technologies (SOFI) was downgraded to underperform at Keefe Bruyette. SOFI is down 28% from the 52-week high and up 85% year-over-year. The analyst cites a combination of recent outperformance and re-underwriting for the firm’s model, as well as updated revenue and EBITDA expectations are approximately 10% and 17% below street expectations. Tune in to find out more about the stock market today.

Next Gen Investing

03 Jan 2024

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