SoFi Technologies Has Back-End Risks, It's Difficult To Justify Owning It: Analyst
SoFi Technologies Has Back-End Risks, It's Difficult To Justify Owning It: Analyst
Shares of SoFi Technologies Inc (NASDAQ:SOFI) tanked in early trading on Friday, amid analyst downgrades last week.
的股份 SoFi 科技公司 由于分析师上周下调评级，纳斯达克股票代码：SOFI）在周五早盘交易中暴跌。
Although the San Francisco-based company has grown significantly so far, capital constraints will likely restrict growth in fiscal 2024, according to Compass Point.
根据Compass Point的数据，尽管这家总部位于旧金山的公司迄今为止取得了长足的增长，但资本限制可能会限制2024财年的增长。
The Analyst: Giuliano Bologna initiated coverage of SoFi Technologies with a Sell rating and a price target of $5.
分析师： 朱利亚诺·博洛尼亚开始报道SoFi Technologies，评级为卖出，目标股价为5美元。
Check out other analyst stock ratings.
查看其他分析师股票评级。
The Thesis: The company's accounting treatment for personal and student loans drove growth earlier, but this creates a "back-end margin overhang that could be compounded if balance sheet growth slows as we expect it will during FY23/FY24," Bologna said in the initiation note.
论文： 博洛尼亚在启动说明中表示，该公司对个人和学生贷款的会计处理早些时候推动了增长，但这造成了 “后端利润积压，如果资产负债表增长像我们预期的那样在23/24财年放缓，情况可能会更加复杂。”
"With the potential for the balance sheet growth rate to slow over the next few quarters and credit costs to increase materially with portfolio seasoning before accounting for credit deterioration risks, we believe it's difficult to justify owning SOFI at current levels," the analyst wrote.
这位分析师写道：“在考虑信贷恶化风险之前，资产负债表增长率有可能在未来几个季度放缓，而且随着投资组合的调节，信贷成本将大幅增加，我们认为很难证明在目前的水平上拥有SOFI是合理的。”
The rally in the company's stock after the debt ceiling resolution seems to be "overdone," he added.
他补充说，债务上限决议通过后，该公司股票的上涨似乎 “过分了”。
SOFI Price Action: Shares of SoFi Technologies had declined by 8.60% to $7.76 at the time of publishing Friday.
SOFI 价格走势： 在周五发布报告时，SoFi Technologies的股价已下跌8.60％，至7.76美元。