💨 Abstract

SoFi Technologies' shares fell 7% on Thursday after KBW analysts downgraded the stock due to concerns over its high valuation and tough financial targets. The digital banking and brokerage app aims for a 20-30% return on tangible common equity, a target analysts find challenging. KBW set a price target of $8 on SoFi, which currently trades at 51.35

Courtesy: theprint.in

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