SoFi Stock Price (SOFI) Drops 8.25% After a Q4 Double Up
SoFi Technologies’ stock (NASDAQ: SOFI) began 2025 with a red day, shedding 8.25% after a double up in Q4. With the SOFI price hitting levels not seen in more than 3 years after gaining 101.83% from October through December, some profit taking on the back of an analyst downgrade can not be discounted.
Without a fundamental shift in the company, and with broader markets relatively stable (Nasdaq 100 down 0.17%), the cutting from market perform to underperform from Timothy Switzer, an analyst at Keefe, Bruyette & Woods, could have added weight to the downward move.
Along with the downgrade, Switzer adjusted his price target upwards from $7 to $8 per share. With SOFI’s stock price currently in the low $14 range, this reflects…
