SoFi Technologies price target lowered to $13 from $14 at BTIG

BTIG analyst Lance Jessurun lowered the firm’s price target on SoFi Technologies to $13 from $14 and keeps a Buy rating on the shares. Q2 “proved to be a strong quarter,” highlighted by a surprising personal loan origination beat of $3.7B, says the analyst, who also notes that SoFi again took share in the personal lending space. While the quarter itself was strong, the firm senses “investors came away with more questions,” particularly on capital and loan sales, and the firm lowers its price target to “reflect near-term noise.”