BTIG lowered the firm’s price target on SoFi Technologies to $9 from $13 and keeps a Buy rating on the shares. While the company reported record revenue and raised guidance, the stock reaction has been lackluster, the analyst tells investors in a research note. The firm notes that it remains positive on SoFi’s platform and long-term growth opportunities, but the potential near-term headwinds surrounding fair value marks and the ability to sustain origination growth over the next 12 months is causing concern.
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