Great time to buy here as well. $10.29!
I bought in @ $15.81 are we expecting it to stop falling
Short-term pain due to market events and dilution, but good chances of going higher in the long run imo. In your place I would review my research to confirm my convictions and maybe apply an average down strategy.
100% agree. Affirm had a much higher (over-inflated it seems) valuation and they were only focused on a small part of what SoFi do. $SQ at this current price is another interesting one to look at if you are interesting in US finance stocks.
What catches my attention is how poorly placed the Sofi app is in the Apple and Google store rankings. I hope this changes with the new product/service offerings and more affordable rates that the banking charter will provide over time. On the other hand, Chime has a much more interesting position, even though its product offering is limited in relation to Sofi.
Smashed the ER by the looks of it. Congratz fellow SoFi investors. Let’s get back to the mid-20s now shall we.
Wild. I’m down crazy tho.
100%. I got some cheap ass options on ibkr just as a test and I’m up like 300%. Wild
Softbank has (supposedly) taken a 10% position in SoFi: https://twitter.com/ProfitOverPanic/status/1526401985921941504?s=20&t=X8XPJ_qVFdmb_jYzXmvkbQ
More positions increased: MarketBeat: Stock Market News and Research Tools
How is everyone’s sofi holding doing? Has anyone taken advantage of the recent dips?
While a loss, the earnings reported were better than expected. Does seem to be some things to be aware of and watch out for though.
Decent increase since I bought some shares in October.
SOFI reaches GAAP profitability for the first time. Beat EPS by $0.02. It also anticipates 2024 GAAP EPS of $0.07-$0.08, compared with average analyst estimate of $0.05. Great news for investors.
Sofi management team believe it will have a recession in the US, but also 4 rate cuts this year.
I hold a core position in this stock, and over the last year and half; outside of my set number of shares I hold Long term I will buy a few extra before earnings, wait for SOFi to beat estimates and take the profits, rinse and repeat.
SOFI had it’s first profitable quarter last quarter, Anthony Noto (CEO) tends to undersell and over deliver, I am expecting the same this quarter.
The wild card in the room is this guy - David Chiaverini | Wedbush Stock Analyst - TipRanks.com who no matter how well the company preforms will downgrade the stock and I expect him to do exactly the same this time and laughably give it a sell rating and price target of $3. I assume he came up with that figure by pulling it out of his ***. He doesn’t rate the stock on fundamentals.
After the last earnings when profitability was anounced there was a pop in share price and then the downgrades came, it took less than a week to give back all its gains, the stock is highly shorted by retail.
That’s the funny part. Everyone who follows this stock knows already that Chiaverini will set a $3 target price after Noto and Lapointe report earnings, even though they keep executing well above estimates. Even profitability hasn’t changed his statement on the company.
I am not sure it is a profession where you can be struck off, but if it were, he would be a prime candidate.
As we expected, he did it again, but this time with a new target price of $4
I was shocked to see that, he actually raised his price target.