Truist analyst Matthew Coad lowered the firm’s price target on SoFi Technologies (SOFI) to $17 from $20 and keeps a Hold rating on the shares as part of a broader research note on Payments following the group’s Q1 results. The firm is cutting its Q2 revenue forecast on sale assumptions for the loan platform business as well as lower expectations for SoFi’s technology platform segment, the analyst tells investors in a research note.
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