Good report but bashed by anal

5
1
Favorite

ftoftofto
2023-08-02

Good report but bashed by analysts...

They are trying very hard

Ignore the noises...

SoFi is a long term play

SoFi Stock Dives 4% After Cut to Underperform at KBW on Valuation

SoFi Technologies (NASDAQ:SOFI) shares dropped 9.61% on Tuesday and continued to slide in premarket trading on Wednesday after Keefe, Bruyette & Woods, downgraded the stock to Underperform from Market

SoFi Stock Dives 4% After Cut to Underperform at KBW on Valuation

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

Top
Latest

Echowhiskey
·2023-08-02
lol... this way they can put the price lower and buy in...
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":204533288112320,"tweetId":"204533288112320","gmtCreate":1690968255664,"gmtModify":1690968260423,"author":{"id":3570930236282688,"idStr":"3570930236282688","authorId":3570930236282688,"authorIdStr":"3570930236282688","name":"ftoftofto","avatar":"https://static.tigerbbs.com/35e32da99220144f2fb70e202a2a092f","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Good report but bashed by analysts...</p>\n<p>They are trying very hard</p>\n<p>Ignore the noises...</p>\n<p>SoFi is a long term play</p></body></html>","htmlText":"<html><head></head><body><p>Good report but bashed by analysts...</p>\n<p>They are trying very hard</p>\n<p>Ignore the noises...</p>\n<p>SoFi is a long term play</p></body></html>","text":"Good report but bashed by analysts... They are trying very hard Ignore the noises... SoFi is a long term play","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/204533288112320","repostId":2356994794,"repostType":2,"repost":{"id":"2356994794","kind":"highlight","pubTimestamp":1690967733,"share":"https://www.laohu8.com/m/news/2356994794?lang=&edition=full","pubTime":"2023-08-02 17:15","market":"us","language":"en","title":"SoFi Stock Dives 4% After Cut to Underperform at KBW on Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=2356994794","media":"Seekingalpha","summary":"SoFi Technologies (NASDAQ:SOFI) shares dropped 9.61% on Tuesday and continued to slide in premarket trading on Wednesday after Keefe, Bruyette & Woods, downgraded the stock to Underperform from Market","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies</a> shares dropped 9.61% on Tuesday and continued to slide nearly 4% in premarket trading on Wednesday after Keefe, Bruyette &amp; Woods, downgraded the stock to Underperform from Market Perform following a surge from its mid-May trough.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b89e389fe4b25a6cbd60807886f5de7\" tg-width=\"786\" tg-height=\"620\"/></p><p>Since bottoming out at $4.76 in mid-May, SOFI has popped some 120% to $10.54 at 12:23 p.m. ET. What&#39;s more, the stock is trading at more than 30 times the high end of SoFi&#39;s (SOFI) EBITDA target range for this year, analyst Michael Perito wrote in a note.</p><p>&#34;This appears to be one of the highest valuations for any balance sheet financial in the KBW coverage universe and could be difficult to sustain now that short interest likely has somewhat normalized.&#34; We believe valuation has overshot the fundamental earnings outlook,&#34; Perito noted, adding &#34;profitability will be modest at best in 2024&#34; with return on equity in the low single digits.</p><p>The Underperform rating diverges from the average SA analyst rating of Buy, as well as the Quant system rating and the average sell-side analyst rating, both at Hold.</p><p>The bearish coverage comes one day after the company known for refinancing loans delivered Q2 revenue that exceeded the average analyst estimate as personal loan originations climbed and the company attracted new members with good credit scores.</p></body></html>","source":"seekingalpha","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 Dives 4% After Cut to Underperform at KBW on Valuation</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 Dives 4% After Cut to Underperform at KBW on Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-02 17:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3994364-sofi-stock-dives-after-cut-to-underperform-at-kbw-on-valuation><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi Technologies shares dropped 9.61% on Tuesday and continued to slide nearly 4% in premarket trading on Wednesday after Keefe, Bruyette & Woods, downgraded the stock to Underperform from Market ...</p>\n\n<a href=\"https://seekingalpha.com/news/3994364-sofi-stock-dives-after-cut-to-underperform-at-kbw-on-valuation\">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://seekingalpha.com/news/3994364-sofi-stock-dives-after-cut-to-underperform-at-kbw-on-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2356994794","content_text":"SoFi Technologies shares dropped 9.61% on Tuesday and continued to slide nearly 4% in premarket trading on Wednesday after Keefe, Bruyette & Woods, downgraded the stock to Underperform from Market Perform following a surge from its mid-May trough.Since bottoming out at $4.76 in mid-May, SOFI has popped some 120% to $10.54 at 12:23 p.m. ET. What's more, the stock is trading at more than 30 times the high end of SoFi's (SOFI) EBITDA target range for this year, analyst Michael Perito wrote in a note.\"This appears to be one of the highest valuations for any balance sheet financial in the KBW coverage universe and could be difficult to sustain now that short interest likely has somewhat normalized.\" We believe valuation has overshot the fundamental earnings outlook,\" Perito noted, adding \"profitability will be modest at best in 2024\" with return on equity in the low single digits.The Underperform rating diverges from the average SA analyst rating of Buy, as well as the Quant system rating and the average sell-side analyst rating, both at Hold.The bearish coverage comes one day after the company known for refinancing loans delivered Q2 revenue that exceeded the average analyst estimate as personal loan originations climbed and the company attracted new members with good credit scores.","news_type":1},"isVote":1,"tweetType":1,"viewCount":281,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":90,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106495452,"commentId":"106495452","gmtCreate":1690970072844,"gmtModify":1690970079029,"authorId":3586927510697647,"author":{"id":3586927510697647,"idStr":"3586927510697647","authorId":3586927510697647,"name":"Echowhiskey","avatar":"https://static.tigerbbs.com/094b10d09de8295aa44524e91fdc3efc","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":204533288112320,"objectIdStr":"204533288112320","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"lol... this way they can put the price lower and buy in...","text":"lol... this way they can put the price lower and buy in...","html":"lol... this way they can put the price lower and buy in...","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}