SoFi Technologies Inc (NASDAQ:SOFI) has seen bearish retail sentiment and rising social chatter as shares slump about 38% YTD after Q1 platform revenue fell 27% following loss of a major client; Truist keeps a Hold but nudges its price target to $18 ahead of July 29 results.
Previous Week Recap
- SoFi Technologies Inc Bearish Sentiment, Revenue Drop: SoFi Technologies (SOFI) saw bearish retail sentiment and rising social chatter while shares were down ~38% YTD; Q1 platform revenue fell 27% after losing a major client.
- Truist Maintains Hold, Raises Target: Truist kept SOFI at Hold and raised its price target to $18 from $17, citing recent M&A news and a supportive macro backdrop ahead of Q2 results due July 29.
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