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Major banks rating | KBW: Raised SoFi's Target Price to $8, while the rating was lowered to "Underperform".
KBW has raised the Target Price for SoFi Technologies from $7 to $8, while downgrading its rating from "In Line" to "Underperform". KBW stated that, despite potential catalysts in the near term, the path to long-term prospects seems to be "long and difficult," and the management's long-term target of 20-30% ROTCE is hard to achieve. (Gelonghui)