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（納斯達克：SOFI）股票在週一收盤下跌2.81%，報每股15.57美元，並在週二的盤前交易中再次下跌0.5%。這一切都是因爲美國銀行證券由於估值問題下調了該股票的評級。
However, technical analysis based on the simple moving averages points to a different story for the stock.
然而，根據簡單移動平均線的技術面分析，該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.
發生了什麼：美國銀行證券將該公司的評級從「中立」下調至「表現不佳」，目標價定爲每股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漲了61.35%，而在過去六個月內上漲了121.48%，表現優於納斯達克綜合指數，後者在同一時期分別上漲了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.
「在這一輪上漲之後，我們認爲估值已經高於基本面，SoFi的定價趨於完美，」美國銀行的報告中表示。根據該報告，SoFi的股票以其2026年每股收益目標的20倍進行交易，這一估值相對於同行而言較高。「在這樣的估值下，我們認爲風險回報不太樂觀，」報告補充道。
Meanwhile, Jefferies on Nov. 26, maintained its "Buy" rating on the company and increased its price target from $13 apiece to $19 per share.
與此同時，傑富瑞在11月26日維持了對該公司的「買入」評級，並將目標價從每股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：從技術角度來看，對日均移動平均線的分析顯示了SoFi科技股票的強支撐。
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.
儘管週一下跌近3%，並在盤後進一步下跌至每股15.56美元，但SoFi的股票仍然在其20日、50日和200日簡單移動平均線之上，表明總體上呈現看好的趨勢。20日移動平均線價格爲每股15.06美元，而50日和200日的價格分別爲每股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
其他分析師的觀點
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.
根據Benzinga Pro的數據，SoFi的共識目標價爲每股10.2美元，基於26位分析師的評級。由Rosenblatt於2022年2月23日發佈的所有被Benzinga跟蹤的分析師中，最高目標價爲每股22美元。最低目標價爲Wedbush在今年四月發佈的每股3美元。
The average price target of $14.67 apiece between BofA Securities, JPMorgan, and Mizuho implies a 5.74% downside for SoFi.
來自美國銀行、摩根大通和瑞穗的平均目標價爲每股14.67美元，這意味着SoFi的下行空間爲5.74%。
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照片提供：Shutterstock
