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 由於分析師上週下調評級，納斯達克股票代碼：SOFI）在週五早盤交易中暴跌。
Although the San Francisco-based company has grown significantly so far, capital constraints will likely restrict growth in fiscal 2024, according to Compass Point.
根據Compass Point的數據，儘管這家總部位於舊金山的公司迄今爲止取得了長足的增長，但資本限制可能會限制2024財年的增長。
The Analyst: Giuliano Bologna initiated coverage of SoFi Technologies with a Sell rating and a price target of $5.
分析師： 朱利亞諾·博洛尼亞開始報道SoFi Technologies，評級爲賣出，目標股價爲5美元。
Check out other analyst stock ratings.
查看其他分析師股票評級。
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.
論文： 博洛尼亞在啓動說明中表示，該公司對個人和學生貸款的會計處理早些時候推動了增長，但這造成了 “後端利潤積壓，如果資產負債表增長像我們預期的那樣在23/24財年放緩，情況可能會更加複雜。”
"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.
這位分析師寫道：“在考慮信貸惡化風險之前，資產負債表增長率有可能在未來幾個季度放緩，而且隨着投資組合的調節，信貸成本將大幅增加，我們認爲很難證明在目前的水平上擁有SOFI是合理的。”
The rally in the company's stock after the debt ceiling resolution seems to be "overdone," he added.
他補充說，債務上限決議通過後，該公司股票的上漲似乎 “過分了”。
SOFI Price Action: Shares of SoFi Technologies had declined by 8.60% to $7.76 at the time of publishing Friday.
SOFI 價格走勢： 在週五發佈報告時，SoFi Technologies的股價已下跌8.60％，至7.76美元。