Sofi Stock Pulled Back and Got Multiple Rating Downgrades from Professionals, Experts, and Analysts!

Hey, hey, hey, financial enthusiasts! Hold on tight because we've got some exciting SoFi news to unpack! 🚀📈 SoFi Technologies just dropped some impressive earnings, and the stock is soaring! 💰💥 We're talking a whopping 20% boost on Monday alone! 🚀📈 Can you believe it?

But, hey, don't get too caught up in the excitement, because there's more to the story! 🤔 You know how Wall Street works – it's all about the future, baby! 😎 Analysts and investors are eyeing SoFi's path to profitability, and they're curious about the fintech's growth prospects. SoFi is aiming to be profitable in terms of GAAP net income by the 2023 fourth quarter! 📈🤑

Now, hold your horses, because not everyone's on the same page. Some analysts at Keefe Bruyette decided to give the stock a downgrade to "Underperform" from "Market Perform," even though they bumped up their price target! 📉 But you see, they think SoFi's valuation has gone a bit overboard when compared to its earnings outlook. 🤷‍♂️ They do acknowledge that it's tough to downgrade a stock that's on fire, but they believe SoFi's growth rates might slow down, and profitability might not be all that impressive by 2024. 📉

And it doesn't stop there! Wedbush analysts chimed in too, echoing some of the same concerns. They think SoFi's high revenue growth might take a hit next year, unless they get a little help from a capital raise. 📉 And they warn that the fintech's credit quality could suffer in case of a mild recession in the near future. 📉

But hey, we've got to mention KBW analyst Michael Perito! He's the guy behind this downgrade move. He downgraded the stock from "Market Perform" to "Underperform," but he also raised the price target! Talk about mixed signals, right? 😅 His new price target for SOFI stock is $7.50 per share, which is still below the consensus price prediction, but hey, it's higher than before! 📉📈

And then we've got Mihir Bhatia from BofA Securities chiming in with a "Neutral" rating. He adjusted the price target to $11.5, which suggests he sees potential growth in the future. But remember, folks, that's just one analyst's perspective! 🤔 Always do your own research and due diligence before diving into any investment decisions! 🕵️‍♂️

So, there you have it, the latest buzz on SoFi Technologies! Keep an eye on those earnings and growth numbers, and make sure to stay informed. This is your friendly financial YouTuber, signing off! Until next time, stay savvy and keep investing wisely! 💪📈🤑

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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.

[sheldoncampbell]

Traditional banks are shaking in their boots because of SoFi 😂

[royalemoon]

Listening to all these analysts just made one poorer over the years … never trust them . Stay convicted with Sofi . They have huge potential ahead . This fintech company is set to grow exponentially. Have faith !

[andy]

Banks are worried about sofi hence the downside manipulation

[julien]

Can someone please explain why my sppi stocks are greyed out since today??? It went up a little bit and it seems they have been bought by another company, but shouldnt i usually be able to sell the stocks anyway? Dont want to lose money because i cant sell...

[jayp_thenumberofthebeast]

Analyst downgrading SoFi, simple :
They ( analyst) work usually for banks, SoFi is the competition. Usually only 10 % of bank analysts are honest with the competition, that means 90 % will downgrade it or not talking about it at all .

[Zach-fipm]

Why didn’t you cover Truist price target raise to 16$..

[allenn]

Cool! Waiting for it to dip a bit before adding more!!

[davidbest]

Fitch downgrades U.S. long-term rating to AA+ from AAA 🤔

[chrismcguiness]

What do you think about TOON formally GNUS? They just got 2 big price upgrades

[stevehunter]

Where were they yesterday? Oh yeah, they were shorting to set up today's downgrades.

[johnchinappi]

Once again thank you for all the great information could you do a video on symbotic inc. Its been doing awesome! I bought in at 15$ ealier this year im at a 4x gain right now. Would like to hear your thoughts on its future. Thanks

[TheDuo]

Good for it to cool down tbh / pull back

[jayboo]

Will rally to 25-27 resistance and the pull back will be the tested 19 support lol 😂 Thats post earnings. Goodluck getting this below 16.86. In a trader perspective and i use daily chart.

[ChocoBeanChat]

I recall similar downgrades for Google and Amazon.

[cronoscoin]

They know its a good company and want the price to drop so they can buy at an even better price. I'll take them up on their discounts. If it went for $3 I'd sell my house and load the boat with Sofi 😁

[topshelfornoshelf]

More chances to buy more shares and the Gap is getting filled, hopefully up from here

[kellywalker]

Looking back, all SPACs should have launched at 1$ not 10$. Even the best SPACs like SoFI were not worth 10$.:There’s a lot of hype and a lot of Noto-value driving price action. Overall SoFI has NOTHING special. It’s technology business is tiny and is flat in growth. It’s just a lending business and if it had to actually do profitable business and stop paying so much stock based compensation then let’s see where it would be.