In a report filed on Tuesday, Keefe, Bruyette & Woods (KBW) analyst Mike Perito downgraded SoFi Technologies (SOFI) from "Market Perform" to "Underperform" and lowered the price target of the stock from $7.50 to $6.50. The report cites the stock was trading at a premium with a "15-20% downside potential to consensus EBITDA" and therefore required more caution.
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