“This Magnificent Fintech Stock Is Down 30% This Year, but 1 Wall Street Analyst Sees It Going 72% Higher”
May 13, 2024
“…The average Wall Street consensus price target for SoFi stock is a more modest 29%, but John Hecht at Jefferies has a price target of $12 — 72% higher than today’s price. That was actually a price cut from $15. As SoFi reaches its short-term goals, some analysts are seeing lower upside…”
https://finance.yahoo.com/news/magnificent-fintech-stock-down-30-134500663.html
Based on what I’ve seen in the stock market its rare for these one off analysts projections to come true. In which case the stock will just break even. It dropped 30% and most people say it’ll increase 30%. That’s not a good look in my opinion.