As previously reported, BofA downgraded SoFi Technologies (SOFI) to Underperform from Neutral with an unchanged price target of $12. The shares are up 120% over the last three months, in part due to the Trump election and favorable Q3 results, notes the analyst. While recent execution has been “solid,” the firm believes valuation is ahead of fundamentals after the rally.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOFI:
- SoFi Technologies 19.7M share Block Trade priced at $16.10
- SoFi Technologies 19.7M share Block Trade; price range $16.10-$16.32
- SoFi Technologies partners with Templum for access to private market funds
- SoFi Technologies price target raised to $16 from $9 at JPMorgan
- SOFI Stock’s Sky High Valuation Can’t be Justified by Exciting Growth