SoFi Technologies (SOFI) was downgraded to underperform at Keefe Bruyette. The analyst cites a combination of recent outperformance and a re-underwriting of the firm’s model. The analyst also notes that the updated 2024 revenue and EBITDA expectations are approximately 10% and 17% below street expectations. Jeff Pierce discusses this story. Tune in to find out more about the stock market today.
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