Watching SoFi Technologies; Traders Circulating Note From Wedbush Saying "Supreme Court Strike Down Of Biden's Debt Relief Already Reflected in Valuation" With an Underperform Rating And $3 Price Target
Portfolio Pulse from Happy Mohamed
Wedbush has issued a note stating that the Supreme Court's strike down of Biden's debt relief is already reflected in the valuation of SoFi Technologies. The firm maintains an underperform rating and a $3 price target for SoFi.
June 30, 2023 | 4:00 pm
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NEGATIVE IMPACT
SoFi's stock may be negatively impacted due to Wedbush's underperform rating and low price target, which suggests that the firm believes the stock is overvalued.
Wedbush's underperform rating and low price target suggest that the firm believes SoFi's stock is overvalued. This could lead to selling pressure on the stock, causing its price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100