What's Going On With SoFi Stock Today?
Portfolio Pulse from Ryan Gustafson
Stephens & Co. analyst Vincent Caintic initiated coverage on SoFi Technologies, Inc. (NASDAQ:SOFI) with an Equal-Weight rating and a price target of $7. Caintic expressed concern over the company's high expense ratio, particularly its marketing expenses which are around 36% of revenues. The company is set to report Q2 earnings on July 31, with an expected loss of six cents per share and revenue of $478.78 million.
July 25, 2023 | 7:56 pm
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SoFi's stock may be impacted by the analyst's Equal-Weight rating and concerns over its high expense ratio. The upcoming Q2 earnings report could also influence the stock's performance.
The analyst's rating and concerns over SoFi's high expense ratio could negatively impact investor sentiment, potentially leading to a decrease in the stock's price. The upcoming Q2 earnings report, where SoFi is expected to report a loss, could further impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100