Sofi just received it’s first major downgrade since it’s most recent surge but Barclays has a hold at $16.KBW has a sell rating at a price target of $8. This is going to get interesting. If there’s heavy selling pressure I personally believe it’s a BULLISHsign for Sofi. I could see some type of scenario where the stock price gets squeezed. Regardless of the situation this stock will dominate fintech and will continue to grow. Long term it’s a buy but if the stock gets a correction or if the price drops below $14, this will be great for the stock 12 months out. I bought in at $7 and sold at $16. Let’s see if I will get another opportunity to buy back in. I’m sure I am not the only one watching this stock like a hawk.
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151852773
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The $8 analysis looks like it was done by children. They have presented such a weak case and not called out any upside. Its almost looks like it was done on purpose to get in before the earnings come in.
lilaita :
151852773 : The $8 analysis looks like it was done by children. They have presented such a weak case and not called out any upside. Its almost looks like it was done on purpose to get in before the earnings come in.
72800598 OP 151852773 : I agree with you to a small extent. I think $8 is exaggerated.