What's happening... sudden sto

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Echowhiskey
2023-06-16

What's happening... sudden stop to the support.

Are they kidding me.

So Now drop 2%, so are we back to buy?

Then increase 5%, then drop to hold again.

Stop playing with our feeling.

SOFI Stock Alert: Oppenheimer Just Downgraded SoFi

SoFi Technologies (SOFI) stock is sliding lower on an analyst downgrade.Oppenheimer analyst Dominick

SOFI Stock Alert: Oppenheimer Just Downgraded SoFi

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Are they kidding me. So Now drop 2%, so are we back to buy? Then increase 5%, then drop to hold again. Stop playing with our feeling.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/187934280024112","repostId":2343604972,"repostType":2,"repost":{"id":"2343604972","pubTimestamp":1686898973,"share":"https://www.laohu8.com/m/news/2343604972?lang=&edition=full","pubTime":"2023-06-16 15:02","market":"us","language":"en","title":"SOFI Stock Alert: Oppenheimer Just Downgraded SoFi","url":"https://stock-news.laohu8.com/highlight/detail?id=2343604972","media":"InvestorPlace","summary":"SoFi Technologies (SOFI) stock is sliding lower on an analyst downgrade.Oppenheimer analyst Dominick","content":"<html><head></head><body><ul><li><p><strong>SoFi Technologies</strong> (<strong><u>SOFI</u></strong>) stock is sliding lower on an analyst downgrade.</p></li><li><p>Oppenheimer analyst Dominick Gabriele dropped the stock to a “hold” rating.</p></li><li><p>This is due to the stock’s massive rally throughout the year.</p></li></ul><p><strong>SoFi Technologies</strong> (NASDAQ: <strong><u>SOFI</u></strong>) stock is taking a beating on Thursday after the company was downgraded by analysts at Oppenheimer.</p><p>Analyst Dominick Gabriele is behind today’s news as he drops shares of SOFI stock from an “outperform” rating to a “perform” rating. 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That matches the analysts’ consensus rating of “hold” for the stock based on 13 opinions.The Oppenheimer analyst specifies that this downgrade is purely based on the valuation of SOFI stock. Here’s what he said about that in a note to clients obtained by Seeking Alpha:“This downgrade is purely on valuation after what we suspect is a significant short squeeze on a likely bear thesis based on account changes away from fair value accounting, inflated assumptions by management, capital capacity and worries about credit quality.”What Else Gabriele Says About SOFI StockDespite the downgrade, the Oppenheimer analyst has high hopes for SoFi in 2024. He upgraded his revenue estimate in this note from $2.4 billion to $2.6 billion. To put that in perspective, Wall Street is looking for SoFi to report revenue of $2.48 billion.The stock is down nearly 2% on Thursday. 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