"SoFi Stock Faces Turbulence: Is It Time to Buy the Dip?"

SoFi Technologies faced double price target cuts this week, with KBW and Barclays lowering their targets due to concerns over higher loan defaults. Despite this, SoFi's CFO and CEO remain confident in the company's financial health and growth prospects, citing strong underwriting practices and favorable credit trends. The stock, currently trading at a discount, is seen as a strong investment opportunity with potential for significant upside as the company continues to grow its financial services revenue and possibly ramp up lending in the future.