What makes something the ultimate growth stock? I would say it needs to have a few features. Most importantly, you would expect it to have phenomenal prospects in a growing industry. Next, it should have capable management leading it effectively and harnessing opportunities. Lastly, it should either be profitable or getting close, and it should have a competitive edge.Putting that all together, I'm going to nominate SoFi Technologies (SOFI -13.89%) as the ultimate growth stock. If you have $500 after paying ...

SoFi Technologies (SOFI -13.89%) stock plummeted in Wednesday's trading. The fintech company's share price closed out the daily session down 13.9%.SoFi stock fell in today's trading following news that Keefe, Bruyette & Woods (KBW) analyst Michael Perito had downgraded his rating on the stock from market perform to underperform. In addition to the ratings downgrade, Perito lowered his one-year price target on the stock from a previous rating of $7.50 per share to $6.50 per share. Is SoFi stock's big sell-of ...

Shares of SoFi (NASDAQ:SOFI) stock are down by about 13% today following a downgrade and price target reduction from a top analyst.This morning, Keefe, Bruyette & Woods analyst Mike Perito downgraded SOFI stock to “underperform” from “market perform” while lowering the price target to $6.50 from $7.50, reflecting a 13.3% reduction. The price target implies downside of about 22% from current levels.Perito is ranked at 358 among 8,653 Wall Street analysts tracked by TipRanks. He carries a 64% success rate wit ...

Shares of red-hot fintech SoFi Technologies (SOFI -13.63%), which more than doubled in 2023, are stumbling out of the gate in 2024. After sliding 3% on Jan. 2, the first trading day of the New Year, SoFi fell further Wednesday morning, with the stock losing an additional 13.5% through 11:35 a.m. ET.I blame investment bank Keefe, Bruyette & Woods for that.Easy come, easy goFrom a share price below $5 at the start of last year, SoFi stock raced past $10 a share in the closing days of 2023. But investors may h ...

SoFi Technologies Inc (NASDAQ:SOFI) stock is plummeting today, down 13.1% at $8.39 at last glance, after a downgrade from Keefe, Bruyette & Woods (KBW) to "underperform" from "market perform," with a price-target cut to $6.50 from $7.50. The majority of analysts lean bearish on the equity, with only six of the 19 in coverage carrying a "buy" rating. Today's drop has SOFI back below familiar pressure at the $9 level, as well as recent support at its 20-day moving average. In the last year, the equity is stil ...

SoFi Technologies Inc. shares more than doubled last year in what was their best annual performance since the financial-technology company went public in 2021. But one analyst worries that momentum won’t carry into 2024. Keefe, Bruyette & Woods’ Mike Perito downgraded SoFi shares SOFI, -12.77% to underperform from market perform, warning of a “premium” valuation and potential pressure stemming from lower interest rates. He cut his price target to $6.50 from $7.50, with the new target implying 33% downside r ...

Investment bankers Keefe, Bruyette & Woods (KBW), a unit of financial conglomerate Stifel (NYSE:SF), cut its rating on SoFi (NASDAQ:SOFI) to “underperform.” The price target was lowered to $6.50 per share.In response, SOFI stock fell 3% on Jan. 2 and another 6.7% overnight. Shares opened this morning at $8.80, a market capitalization of about $8.5 billion.SOFI was up 116% in 2023. So far, it is down over 10% in early trading today.A Polarizing StockAnalyst Mike Perito called SoFi “polarizing,” with sentimen ...

SoFi Technologies stock was falling sharply after one analyst team argued that shares have risen too far, too fast. ...

If you have been following SoFi Technologies Inc.'s (SOFI, Financial) evolution, you might recognize it as embodying the remarkable trajectory of a disruptive fintech company. Initially established as a cost-effective student loan provider, SoFi has since evolved into a versatile financial solutions provider. Catering to a clientele of tech-savvy young individuals, the company aims to offer accessible and convenient financial services just a tap away. Revolutionizing fintech The company has been growing its ...

Banking, the simple business of lending someone money and being paid back with interest, is one of humankind's oldest industries. It provides a foundation for the modern economy. As a result, the world's largest banks have grown to be worth hundreds of billions of dollars.Because the industry is so large, with thousands of banking companies (and hundreds of bank stocks) to potentially follow, it's easy to lose track of the progress an up-and-comer like SoFi Technologies (SOFI -3.02%) has made since going pu ...