SoFi Technologies Inc. (SOFI) stock faced a significant selloff in the pre-market trading session on Tuesday, plummeting 6.26%. The steep decline was fueled by a downgrade and lower price target from KBW analyst Tim Switzer.
Switzer maintained a "Sell" rating on SOFI shares and slashed the price target to $8, citing concerns about the company's growth prospects and profitability. The analyst's negative outlook weighed heavily on investor sentiment, triggering a wave of selling pressure in the early trading hours.
While SoFi's SFY ETF has gained traction with over $500 million in assets under management, the company's core lending and financial services business continues to face challenges in a competitive landscape. Investors will be closely monitoring SoFi's upcoming earnings release for updates on its strategy and financial performance.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。