$2.50 Price Target?! Analyst Downgrades SoFi...

Earlier this morning an analyst downgraded SoFi, days after another analyst (Truist) initiated buy coverage on the stock. In this video, I discuss this.

$SOFI #SOFI #galileo #SoFiAI #Konekta #GPTvsKonekta #Technisys #GalileoIntegration #FintechFuture #sofiearnings #analyst #wedbush #truist

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Disclaimer: This content is for education and entertainment purposes only. Tevis / The Fundamentals of Investing Podcast does not provide investment or tax advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.

[spamman]

That analyst issued buy recommendations for First Republic Bank at $130, then had hold ratings all the way down to $0. Truly a Jim Cramer.

[steveinthemountains]

I picked up 512 shares of SOFI this morning @ $4.48. Not long after that purchase I saw your tweet about picking up 475 shares @ $4.54 with a "thank you" to Wedbush. made me smile!

[GD-fnid]

i feel better after hearing your breakdown.. thanks bro.

[mohamedgoldstein]

Rate hike is the key. Wedbush is wrong. Its better to hold the loans than sell in this environment.!! Well said!

[EarthCreature.]

That analyst has been wrong a majority of his career. Why is he even employed?

[saz]

I think many of us confuse stock price with company fundamentals. I am a bag holder at avg price $7….I believe that most people who want to own this stock already do.

[tactical]

I agree with your assessments regarding the analyst...he's awful and his past recort proves it. These analysts should not be legally allowed to make more than one upgrade/downgrade per quarter. He showed his incompetance by making a second downgrade in a 2 week timeframe, when nothing had changed since the 1st quarter earnings were release. Wedbush should fire this analyst for the incompetance he has shown. Two downgrades in a 2 week timeframe, especially to the degree that these were made from $8 to $2.50 is hard to comprehend. I certainly wouldn't want someone like this guy working for me...

[dougb]

Thanks Tevis! Ironic; the situation of Wedbush's concerns of Gain on Sale is exactly what I was asking about on your weekly show, two weeks ago. Thanks for addressing it. Good job buying low today, I think.

[marcfilotas]

picked up another 1100 shares on the cheap

[kenlaing]

I don't think it will go that low but below $4 is almost certain from looking at the price actions lately

[mreyesgranda]

Valuable comments, Tenor. Thank you much.

[kiprockwood]

Been waiting for this vid since I woke up this morning

[AdeliaRoss]

I never made one of my discoveries through the process of rational thinking. Albert Einstein

[Glauber]

hi Tevis, great video and thanks for all info, the question is: Andrew Jeffrey ( the Managing Director of Truist ) spoke very positive of Sofi, do you think Truist could try to buy Sofi?

[MelodyCarson-iese]

Life is a long lesson in humility. -James M. Barrie

[That_Cyber_Dude]

Great opportunity to start a position in #SOFI

[nikik]

I am from Austria and we are unfortunately far away from having such an app, nor similar banks that have an equivalent business model.
That's why I'm convinced of Sofi, and I wish the same for Austria. I am very bullish on sofi ! Kind regards from Austria/Vienna

[AS-ttui]

If these analysts were so smart they'd be billionaires and would be on some private island enjoying life. I bought more Sofi today. I buy on every dip.

[thoffyli]

Are you still holding rvlv? Any updates on the latest earning?

[SJTaveras]

Great video Teri’s very well made. Thank you