SoFi Technologies (SOFI) shares fell more than 3% on Tuesday, August 18.
Morgan Stanley reiterated its Underweight rating. The bank lowered its price target to $15 from $16.
The stock closed at $17.66 following the report. Analysts expressed concern that SoFi’s growth is becoming increasingly capital-intensive.
This trend could elevate risks for investors. The note also highlighted exposure to the student loan market and potential regulatory changes. These warnings follow SoFi’s recent report of strong Q2 revenue growth.