SoFi Stock Falls After BofA Downgrade Over Valuation Concerns: Here's What Technical Analysis Shows
SoFi Stock Falls After BofA Downgrade Over Valuation Concerns: Here's What Technical Analysis Shows
Shares of SoFi rose 61.35% on a year-to-date basis, whereas it advanced 121.48% in the last six months, outperforming the Nasdaq Composite which gained 33.66% and 14.8% in the same period, respectively.SoFi Technologies Inc. (NASDAQ:SOFI) stock closed 2.81% lower at $15.57 apiece on Monday and fell further by 0.5% in premarket trading on Tuesday. This comes after Bank of America Securities downgraded the scrip due to valuation concerns.
SoFi科技公司（纳斯达克：SOFI）股票在周一收盘下跌2.81%，报每股15.57美元，并在周二的盘前交易中再次下跌0.5%。这一切都是因为美国银行证券由于估值问题下调了该股票的评级。
However, technical analysis based on the simple moving averages points to a different story for the stock.
然而，根据简单移动平均线的技术面分析，该股票有着不同的故事。
What Happened: BofA Securities downgraded the company from "Neutral" to "Underperform" with a price target of $12 per share.
发生了什么：美国银行证券将该公司的评级从“中立”下调至“表现不佳”，目标价定为每股12美元。
Shares of SoFi rose 61.35% on a year-to-date basis, whereas it advanced 121.48% in the last six months, outperforming the Nasdaq Composite which gained 33.66% and 14.8% in the same period, respectively.
SoFi的股票在年初至今上涨了61.35%，而在过去六个月内上涨了121.48%，表现优于纳斯达克综合指数，后者在同一时期分别上涨了33.66%和14.8%。
"After the rally, we believe valuation is ahead of fundamentals and SoFi is priced to perfection," the BofA note said. SoFi's shares are trading at 20 times its 2026 earnings per share target, which is at a premium to its peers, as per the note. "At this valuation, we view risk-reward less favorably," it added.
“在这一轮上涨之后，我们认为估值已经高于基本面，SoFi的定价趋于完美，”美国银行的报告中表示。根据该报告，SoFi的股票以其2026年每股收益目标的20倍进行交易，这一估值相对于同行而言较高。“在这样的估值下，我们认为风险回报不太乐观，”报告补充道。
Meanwhile, Jefferies on Nov. 26, maintained its "Buy" rating on the company and increased its price target from $13 apiece to $19 per share.
与此同时，杰富瑞在11月26日维持了对该公司的“买入”评级，并将目标价从每股13美元提高至19美元。
Why It Matters: From a technical perspective, the analysis of daily moving averages shows strong support for the SoFi Tech stock.
重要性：从技术角度来看，对日均移动平均线的分析显示了SoFi科技股票的强支撑。
Despite falling nearly 3% on Monday and further in after-hours to $15.56 a piece, SoFi's stock is above its 20, 50, and 200-day simple moving averages, suggesting a largely bullish trend. The 20-day moving average price was $15.06 apiece, whereas the 50 and 200-day prices were $12.03 apiece and $8.44 per share respectively.
尽管周一下跌近3%，并在盘后进一步下跌至每股15.56美元，但SoFi的股票仍然在其20日、50日和200日简单移动平均线之上，表明总体上呈现看好的趋势。20日移动平均线价格为每股15.06美元，而50日和200日的价格分别为每股12.03美元和8.44美元。
However, the current share price is below its eight-day simple moving average of $15.98 apiece. On the other hand, the relative strength index of 68.19 suggested that the stock is near the "overbought" territory.
Views By Other Analysts
其他分析师的观点
According to Benzinga Pro data, SoFi has a consensus price target of $10.2 per share based on the ratings of 26 analysts. The highest price target out of all the analysts tracked by Benzinga is $22 apiece issued by Rosenblatt as of Feb. 23, 2022. The lowest target price is $3 per share issued by Wedbush in April this year.
根据Benzinga Pro的数据，SoFi的共识目标价为每股10.2美元，基于26位分析师的评级。由Rosenblatt于2022年2月23日发布的所有被Benzinga跟踪的分析师中，最高目标价为每股22美元。最低目标价为Wedbush在今年四月发布的每股3美元。
The average price target of $14.67 apiece between BofA Securities, JPMorgan, and Mizuho implies a 5.74% downside for SoFi.
来自美国银行、摩根大通和瑞穗的平均目标价为每股14.67美元，这意味着SoFi的下行空间为5.74%。
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