SoFi Technologies Inc. has seen its stock decrease 4.5% on Thursday, marking a 25% decrease over the last month and a 26% drop year to date, despite a one-year gain of 54.3%. The firm's recent largest loan platform agreement of up to $5 billion showcases strong business potential. Although some analysts raised price targets, concerns over future earnings guidance led to investor sell-offs. SoFi's strong quarter reported earnings per share of $0.05, above expectations, yet the projected annual EPS disappointed analysts, causing further stock declines.
SoFi Technologies' shares fell 4.5% on Thursday, continuing a downward trend with losses of 25.0% over the past month, despite a yearly gain of 54.3%.
Morgan Stanley raised its price target for SoFi from $7.50 to $13.00 calling the company 'underweight', while Needham raised their target to $20.00 with a Buy rating.
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