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Benzinga
Benzinga
Business
Priya Nigam

THE TRUTH ABOUT: Why bofa downgrades sofi technologies despite upbeat q4 - The Untold Story

SoFi Technologies BofA Securities SoFi Technologies Inc

SoFi Technologies Inc (NASDAQ:SOFI) reported strong fourth-quarter results after the closing bell on Tuesday. The company has also issued its 2022 guidance ahead of Street expectations, driven by “benefits from its recently approved Bank Charter,” according to BofA Securities.

The SoFi Technologies Analyst: Mihir Bhatia downgraded the rating for SoFi Technologies from Buy to Neutral while keeping the price target unchanged at $14.

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