KBW Just Issued a Warning on SoFi (SOFI) Stock

Investment bankers Keefe, Bruyette & Woods (KBW), a unit of financial conglomerate Stifel (NYSE:SF), cut its rating on SoFi (NASDAQ:SOFI) to “underperform.” The price target was lowered to $6.50 per share.In response, SOFI stock fell 3% on Jan. 2 and another 6.7% overnight. Shares opened this morning at $8.80, a market capitalization of about $8.5 billion.SOFI was up 116% in 2023. So far, it is down over 10% in early trading today.A Polarizing StockAnalyst Mike Perito called SoFi “polarizing,” with sentimen ...