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SoFi Technologies (SOFI) cut to Neutral at Oppenheimer despite long-term bull thesis

June 15, 2023 10:07 AM EDT

Oppenheimer analyst Dominick Gabriele downgraded shares of SoFi Technologies (NASDAQ: SOFI) to Perform, removing the price target in a note to clients on Thursday.

The analyst told investors he sees "significant capital capacity" but believes the company's valuation reflects Oppenheimer's raised outlook, although... More