Morgan Stanley Just Issued a Warning on SOFI Stock

SoFi (NASDAQ:SOFI) reported its earnings this week, sending its shares higher by more than 20%. However, most of those gains have now been erased.This morning, Morgan Stanley analyst Jeffrey Adelson lowered his price target to $6.50 from $7 while lowering the rating to “underweight” from “equal weight.” In October, Adelson upgraded SOFI stock to “equal weight” from “underweight.” This was because SoFi had announced a $2 billion forward flow agreement while its share price had come down to Adelson’s price ta ...