KBW Adjusts SoFi Technologies (SOFI) Price Target and Rating Amid Long-Term Challenges

Author's Avatar
Jan 02, 2025

KBW has revised its price target for SoFi Technologies (SOFI, Financial) from $7 to $8. However, the rating has been downgraded from "market perform" to "underperform." Despite potential short-term catalysts, KBW expressed concerns about the challenging and lengthy path to achieving long-term goals. The management's long-term ROTCE target of 20-30% is considered difficult to attain.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.