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Take profits on SoFi after recent rally, KBW says

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cnbc.com/2023/08/01/take-profits-on-sofi-after-recent-rally-kbw-says-.html

Investors should sell their SoFi holdings after the stock has more than doubled in just a few months, KBW said. Analyst Michael Perito downgraded the financial technology stock to underperform from market perform while simultaneously hiking his price target for shares by $2 to $7.50. Still, Perito's new price target implies shares could tumble 34.5% from where they finished…

This story from cnbc.com was posted on 2023-08-01 by @geovent.

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