UBS lowered the firm’s price target on SoFi Technologies (SOFI) to $24.50 from $27.50 and keeps a Neutral rating on the shares. SoFi posted adjusted net revenue and EBITDA modestly above expectations, driven by strong performance in Financial Services and a sizable beat in Technology Platform profitability, while capital-light, fee-based revenue reached a record level, the analyst tells investors in a research note.
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