Stocks

“SoFi Stock Sinks 50%, But Most Analysts Still Aren’t Bullish”

“SoFi Technologies (SOFI) has lost nearly half of its value from its 52-week high, but the sharp selloff hasn’t been enough to turn most Wall Street analysts bullish… Another concern is that the stronger revenue growth isn’t translating into higher profitability…

As a result, many analysts remain cautious on SoFi despite the stock’s steep decline. While the valuation is now considerably lower than it was at its peak, Wall Street appears to be waiting for clearer evidence that the company’s faster-growing lending business can deliver stronger earnings without significantly increasing risk…”

https://finance.yahoo.com/markets/stocks/articles/sofi-stock-sinks-50-most-113002880.html

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