SoFi (SOFI) gains as results, outlook beat estimates
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SoFi Technologies (SOFI) cut at Wedbush on potential downside risk to gain on sale margins
May 2, 2023 12:11 PM EDTSoFi Technologies (NASDAQ: SOFI) was cut to Neutral from Outperform, with its price target lowered to $5 from $8 per share by Wedbush analyst David Chiaverini in a note Tuesday.
The analyst explained that they are downgrading the stock as there "could be downside risk to its gain on sale margins and fair value marks of its loan... More
