SoFi Technologies Has Back-End Risks, It's Difficult To Justify Owning It: Analyst
Portfolio Pulse from Priya Nigam
SoFi Technologies' shares dropped after analyst Giuliano Bologna initiated coverage with a Sell rating and a $5 price target. Bologna believes capital constraints will restrict growth in fiscal 2024 and that the company's accounting treatment for personal and student loans creates a back-end margin overhang.
June 23, 2023 | 2:46 pm
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SoFi Technologies shares dropped after analyst Giuliano Bologna initiated coverage with a Sell rating and a $5 price target, citing capital constraints and back-end margin overhang.
The analyst's Sell rating and concerns about capital constraints and back-end margin overhang are likely to negatively impact SoFi Technologies' stock price in the short term. Investors may be cautious due to the potential slowdown in balance sheet growth and increased credit costs.
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