What's Going On With SoFi Technologies Stock?
Portfolio Pulse from Erica Kollmann
SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher due to overall market strength, with the S&P 500 at all-time highs. Deutsche Bank initiated coverage with a Hold rating and a price target of $11, while Mizuho maintained a Buy rating but lowered the price target from $15 to $12. SoFi's stock is down 17% year-to-date and trades below its 50-day moving average. The company is expected to report Q4 financial results on Jan. 29 with an earnings estimate of 0 cents per share and revenue of $571.489 million. SoFi does not pay dividends or have a current buyback program.
January 22, 2024 | 4:47 pm
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NEUTRAL IMPACT
SoFi Technologies is experiencing a stock price increase due to market strength. Analyst ratings are mixed, with a recent price target adjustment. Upcoming Q4 earnings could influence the stock's direction.
The stock is trading higher due to market conditions, not company-specific news. Mixed analyst ratings with a recent price target reduction could indicate uncertainty. The upcoming earnings report is a significant event that could either validate the current price increase or lead to a correction if results are below expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100