To The Moon

SoFi Technologies stock has failed to rebound. While the Nasdaq and S&P500 enjoyed a great rally at the end of Q1, SOFI shares had plummeted 26.6% over the same period.The poor share price performance is because of a worsening macroeconomic picture and SoFi’s decision to raise $750 million in convertible debt capital. SOFI has outperformed the broad market indices, appreciating over 4% in Q2. SOFI is expected to underperform the market in the coming months. Here are three reasons SOFI isn’t a buy.U.S. equities had a terrible trading session last week. The Nasdaq fell 3.55%, while the S&P500 had fallen 3.05%. On a year-to-date basis, the Nasdaq and S&P500 have only risen 3.93% and 4.14%, respectively, as of last Friday. The reason is interest rates.After two months of higher-than-expected CPI reports, Federal Reserve officials, including Fed chairman Jerome Powell have not shied away from signaling interest rates may have to be higher for longer.Not everyone has a doom-and-gloom opinio

SummaryThe potential decline in interest rates could negatively impact SoFi's net interest income.Consumers' weakening financial health may lead to higher delinquency rates and limit SOFI's future gro

Investors are concerned that there are just too many competing products vying for market share. As a result, it is still uncertain if they will be able to maintain their current level of profitability. That is why I find it difficult to get enthusiastic about SoFi. I'm forced to ponder whether SoFi will be able to stand out in a more constrained and competitive context. This takes me to the next section, thinking about 2024. 2023 is Closing, 2024 Brings Up Questions SOFI revenue growth rates SoFi's 2023 is

BTIG Analyst Increases Price Target for Upstart Holdings Expresses ...

An improving inflation picture combined with a high-short interest fueled another leg of Upstart's ongoing short squeeze.

Wedbush Analyst Maintains Negative Stance on SoFi Technologies ...

Compass Point analyst Giuliano Bologna initiates coverage on SoFi Technologies ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)

SoFi Technologies (NASDAQ:SOFI) slid as much as 10.9% to over three-month low on Monday as Wedbush d