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SoFi Stock Slides: What's Going On?

OpinionRead the original at Benzinga
Neutral

SoFi reported strong sales and customer growth, but an analyst expects high third-quarter costs and a thinner capital cushion. These competing views do not clearly change SoFi’s outlook.

SOFI · SoFi Technologies Inc.

AI read · Neutral

The AI's read

The reported growth and customer gains support SoFi’s business. But one analyst estimates that higher rates could cost more than $1 billion in the third quarter and leave a thinner capital cushion. Since the third-quarter results are still ahead and analysts disagree, this story does not change how we read SoFi’s outlook.

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