KBW downgrades SoFi Technologies Inc., cites challenging earnings outlook and high valuations

From Investing.com: 2025-01-01 23:07:09

Keefe, Bruyette & Woods downgraded SoFi Technologies Inc., citing a challenging long-term earnings outlook and overstretched valuations. The brokerage raised the target price to $8 from $7, noting a 57% rise in shares in 2024 and 100% increase since September. SoFi’s 2026 earnings guidance required significant revenue growth and margin improvement. KBW analysts projected a 46% downside to shareholders from current levels in their base case. SoFi shares surged on optimism over fintech firms and lower interest rates.



Read more at Investing.com: KBW downgrades to Underperform on doubts over long-term outlook By Investing.com