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SoFi Technologies downgraded to Underperform at BofA after 120% rally
The Fly

SoFi Technologies downgraded to Underperform at BofA after 120% rally

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.

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