- After meeting with SoFi Technologies, Inc (NASDAQ:SOFI) CFO at the firm’s Annual Software Summit, Mizuho analyst Dan Dolev reiterated a Buy rating and $8 price target.
- Also Read: Analyst Upgrades SoFi Technologies, Says Potential Student Loan Refinancing Boom Is Coming
- He was encouraged to learn more about the resiliency of its high-FICO borrowers; hedging measures; low loan losses and delinquency rates; Galileo’s unique transaction-based pricing model offering protection against a weaker economy; renewed opportunities in student loan refinancing despite recent debt forgiveness; and, the expected roll-off of the PSU SBC burden in 1Q 2024.
- Overall, he continues to believe in SOFI’s resilient business model & strong execution.
- Price Action: SOFI shares traded lower by 6.76% at $4.89 on the last check Thursday.
What’s Going On With Faraday Future Intelligent Electric Stock?
Faraday Future shares opened for trading Monday at 4 cents per share, and the stock has climbed more than 3000% in the last 4 sessions.
Faraday Future appears to have benefited from the recent "meme stock" rally which saw heavily-shorted stocks gaining amid a retail-fueled rally in GameStop and AMC Entertainment shares.
