SoFi Stock Fell over 3% as Jefferies Just Slashed Its Price Target to $12

InvestorPlace03-27

SoFi stock is slipping on a reduced price target.Jefferies dropped its price prediction to $12 per share.It did so while maintaining a “buy” rating.SoFi stock is in the news Tuesday after the ...

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Thalos
03-27
Thalos
Dumbgrading.

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That still represents a potential upside of over 60% for the shares. It’s also above the analyst consensus price prediction of $8.97 per share.</p><p style=\"text-align: start;\">Investors will note that Jefferies maintains its “buy” rating for SOFI stock. That continues to be more bullish than the analyst consensus rating of hold based on 18 opinions.</p><h2 id=\"id_2564756647\" style=\"text-align: start;\">SOFI Stock News</h2><p style=\"text-align: start;\">Other news affecting SOFI stock today includes the departure of one of its executives. The company revealed in a filing that Chad Borton, its Executive Vice President, Group Business Unit Leader and President of SoFi Bank, has resigned.</p><p style=\"text-align: start;\">Other SoFi executives are taking over Borton’s duties while a replacement is found. The company notes that he left to pursue other opportunities and not due to any disagreement with the business.</p><p style=\"text-align: start;\">SOFI stock is down more than 3% on Tuesday. The company’s shares are also down 27.6% year-to-date (YTD).</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/319f129a2411fb4657fa3fdfc737ada3\" tg-width=\"805\" tg-height=\"624\"/></p><p></p></body></html>","source":"investorplace_stock_picks","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Stock Fell over 3% as Jefferies Just Slashed Its Price Target to $12</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Stock Fell over 3% as Jefferies Just Slashed Its Price Target to $12\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-27 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/03/jefferies-just-slashed-its-price-target-on-sofi-sofi-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi stock is slipping on a reduced price target.Jefferies dropped its price prediction to $12 per share.It did so while maintaining a “buy” rating.SoFi stock is in the news Tuesday after the ...</p>\n\n<a href=\"https://investorplace.com/2024/03/jefferies-just-slashed-its-price-target-on-sofi-sofi-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2024/03/jefferies-just-slashed-its-price-target-on-sofi-sofi-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194660854","content_text":"SoFi stock is slipping on a reduced price target.Jefferies dropped its price prediction to $12 per share.It did so while maintaining a “buy” rating.SoFi stock is in the news Tuesday after the financial services company’s shares were hit with a price target cut by Jefferies.This has the firm reducing its price target for SOFI stock from $15 per share to $12. That still represents a potential upside of over 60% for the shares. It’s also above the analyst consensus price prediction of $8.97 per share.Investors will note that Jefferies maintains its “buy” rating for SOFI stock. That continues to be more bullish than the analyst consensus rating of hold based on 18 opinions.SOFI Stock NewsOther news affecting SOFI stock today includes the departure of one of its executives. The company revealed in a filing that Chad Borton, its Executive Vice President, Group Business Unit Leader and President of SoFi Bank, has resigned.Other SoFi executives are taking over Borton’s duties while a replacement is found. The company notes that he left to pursue other opportunities and not due to any disagreement with the business.SOFI stock is down more than 3% on Tuesday. 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