SoFi's stock doubled over three months. Here's why BofA says it's now overvalued.
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SoFi's stock has doubled over the past three months, but Bank of America (BofA) now considers it overvalued. BofA describes the stock as 'priced to perfection' and highlights concerns about reduced visibility into tech deals and fair-value accounting.
December 09, 2024 | 7:00 pm
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SoFi's stock has seen a significant increase, doubling in value over three months. However, BofA now considers it overvalued, citing concerns about tech deal visibility and fair-value accounting.
The stock's recent doubling in value has led BofA to view it as overvalued, suggesting a potential price correction. Concerns about tech deal visibility and fair-value accounting add to the negative outlook.
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