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SoFi Stock Fell 14% Wednesday - Is This a Buying Opportunity for 2024?

Motley Fool01-04

SoFi stock got crushed Wednesday due to negative coverage from an analyst.The company's uncertain outlook makes its stock particularly susceptible to big moves based on coverage from analysts.SoFi ...

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·01-04
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Stock Fell 14% Wednesday - Is This a Buying Opportunity for 2024?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 13:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/01/03/sofi-stock-fell-today-is-this-a-buying-opportunity/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi stock got crushed Wednesday due to negative coverage from an analyst.The company's uncertain outlook makes its stock particularly susceptible to big moves based on coverage from analysts.SoFi ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/01/03/sofi-stock-fell-today-is-this-a-buying-opportunity/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOFI","symbol_name":"SoFi Technologies Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2024/01/03/sofi-stock-fell-today-is-this-a-buying-opportunity/","article_id":"2400800852","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2400800852","pubTimestamp":1704344934,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Down 68% from its high, does SoFi stock have what it takes to be a long-term winner for growth investors?","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"translate_title":"SoFi股票周三下跌14%——这是2024年的买入机会吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":1.1},"content_text":"SoFi stock got crushed Wednesday due to negative coverage from an analyst.The company's uncertain outlook makes its stock particularly susceptible to big moves based on coverage from analysts.SoFi stock could deliver big returns, but it's also a high-risk investment.SoFi Technologies  stock plummeted in Wednesday's trading. The fintech company's share price closed out the daily session down 13.9%.SoFi stock fell in today's trading following news that Keefe, Bruyette & Woods (KBW) analyst Michael Perito had downgraded his rating on the stock from market perform to underperform. In addition to the ratings downgrade, Perito lowered his one-year price target on the stock from a previous rating of $7.50 per share to $6.50 per share.Is SoFi stock's big sell-off a buying opportunity?The big sell-off for SoFi stock today after bearish coverage from KBW analyst Michael Perito highlights the fact that the company's shares trade at a speculative, growth-dependent valuation. Analyst coverage tends to have an outsized impact on companies with uncertain futures.While SoFi's business has continued to grow sales at an encouraging double-digit rate, it remains difficult to predict where the business is heading over the long term. SoFi's revenue climbed roughly 27% year over year to hit $531 million in the third quarter. 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The fintech company&#39;s share price closed out the daily session down 13.9%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7fd4e75dbd3a9d30c6cb6d8b88b9fe04\" tg-width=\"784\" tg-height=\"622\"/></p><p>SoFi stock fell in today&#39;s trading following news that Keefe, Bruyette &amp; Woods (KBW) analyst Michael Perito had downgraded his rating on the stock from market perform to underperform. In addition to the ratings downgrade, Perito lowered his one-year price target on the stock from a previous rating of $7.50 per share to $6.50 per share.</p><h2 id=\"id_3604338802\">Is SoFi stock&#39;s big sell-off a buying opportunity?</h2><p>The big sell-off for SoFi stock today after bearish coverage from KBW analyst Michael Perito highlights the fact that the company&#39;s shares trade at a speculative, growth-dependent valuation. Analyst coverage tends to have an outsized impact on companies with uncertain futures.</p><p>While SoFi&#39;s business has continued to grow sales at an encouraging double-digit rate, it remains difficult to predict where the business is heading over the long term. SoFi&#39;s revenue climbed roughly 27% year over year to hit $531 million in the third quarter. The fintech company ended Q3 with total members of 6.9 million -- up 47% year over year. SoFi&#39;s sales and member base have continued to see solid rates of expansion, but questions about the company&#39;s ability to deliver long-term earnings growth remain.</p><p>Even though SoFi stock is down roughly 68% from its lifetime high, its valuation picture is complicated.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0fdaf862a512aaa8f048927e3c73d0f\" tg-width=\"720\" tg-height=\"451\"/></p><p>SOFI PS Ratio (Forward) data by YCharts</p><p>Trading at roughly 3.15 times forward sales, SoFi looks attractively priced in the context of recent revenue growth. On the other hand, the company trades at approximately 98 times expected forward earnings, and the business&#39;s performance trajectory remains highly speculative.</p><p>For risk-tolerant investors willing to embrace volatility in pursuit of potentially explosive returns, SoFi could be a smart portfolio addition on the heels of recent sell-offs. The stock probably won&#39;t be a good fit for investors seeking stocks without big downside potential, but it could go on to see rebound trading that delivers strong returns.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Stock Fell 14% Wednesday - Is This a Buying Opportunity for 2024?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi Stock Fell 14% Wednesday - Is This a Buying Opportunity for 2024?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 13:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/01/03/sofi-stock-fell-today-is-this-a-buying-opportunity/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi stock got crushed Wednesday due to negative coverage from an analyst.The company's uncertain outlook makes its stock particularly susceptible to big moves based on coverage from analysts.SoFi ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/01/03/sofi-stock-fell-today-is-this-a-buying-opportunity/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://www.fool.com/investing/2024/01/03/sofi-stock-fell-today-is-this-a-buying-opportunity/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2400800852","content_text":"SoFi stock got crushed Wednesday due to negative coverage from an analyst.The company's uncertain outlook makes its stock particularly susceptible to big moves based on coverage from analysts.SoFi stock could deliver big returns, but it's also a high-risk investment.SoFi Technologies  stock plummeted in Wednesday's trading. The fintech company's share price closed out the daily session down 13.9%.SoFi stock fell in today's trading following news that Keefe, Bruyette & Woods (KBW) analyst Michael Perito had downgraded his rating on the stock from market perform to underperform. In addition to the ratings downgrade, Perito lowered his one-year price target on the stock from a previous rating of $7.50 per share to $6.50 per share.Is SoFi stock's big sell-off a buying opportunity?The big sell-off for SoFi stock today after bearish coverage from KBW analyst Michael Perito highlights the fact that the company's shares trade at a speculative, growth-dependent valuation. Analyst coverage tends to have an outsized impact on companies with uncertain futures.While SoFi's business has continued to grow sales at an encouraging double-digit rate, it remains difficult to predict where the business is heading over the long term. SoFi's revenue climbed roughly 27% year over year to hit $531 million in the third quarter. The fintech company ended Q3 with total members of 6.9 million -- up 47% year over year. SoFi's sales and member base have continued to see solid rates of expansion, but questions about the company's ability to deliver long-term earnings growth remain.Even though SoFi stock is down roughly 68% from its lifetime high, its valuation picture is complicated.SOFI PS Ratio (Forward) data by YChartsTrading at roughly 3.15 times forward sales, SoFi looks attractively priced in the context of recent revenue growth. On the other hand, the company trades at approximately 98 times expected forward earnings, and the business's performance trajectory remains highly speculative.For risk-tolerant investors willing to embrace volatility in pursuit of potentially explosive returns, SoFi could be a smart portfolio addition on the heels of recent sell-offs. The stock probably won't be a good fit for investors seeking stocks without big downside potential, but it could go on to see rebound trading that delivers strong returns.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":10,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}