The Ratings Game: SoFi’s stock set to snap record winning streak after downgrade

SoFi Technologies Inc.’s shares were on track to snap a record nine-session winning streak Thursday after an analyst abandoned his bullish call on the financial-technology name.

Shares of SoFi SOFI have enjoyed a strong recent run, not only rallying in 12 of the past 13 trading days, but also more than doubling on the year. With that backdrop, Oppenheimer analyst Dominick Gabriele downgraded the stock to perform from outperform.

The…

This post was originally published on Market Watch

Financial News

Daily News on Investing, Personal Finance, Markets, and more!