Bearish
SoFi Technologies' stock drops 3.7% amid analyst downgrade and capital concerns
In the past 24 hours, SoFi Technologies' stock declined by 3.7%, closing at $15.23 on October 12, 2026. This downturn follows Keefe, Bruyette & Woods' downgrade of SoFi's price target from $16 to $15, citing capital consumption challenges amid rising interest rates. Additionally, concerns about the company's capital consumption ahead of its upcoming earnings report have contributed to the stock's decline.
Key points
- Keefe, Bruyette & Woods lowers SoFi's price target to $15, maintains 'Underperform' rating.
- Analysts express concerns over SoFi's capital consumption ahead of Q3 earnings report.
- SoFi's stock closes at $15.23, down 3.7% on October 12, 2026.
Sources
AI-generated from public news sources. Not financial advice.
