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Earningsforecast

All articles tagged with #earningsforecast

finance-and-investments2 years ago•2 min saved

"SoFi Technologies Stock Tumbles Amid Analyst Downgrade and Growth Risk Concerns"

SoFi Technologies' stock experienced a significant drop after investment bank Keefe, Bruyette & Woods downgraded the company, citing potential revenue and EBITDA figures below consensus forecasts. Despite the possibility of SoFi achieving its first-ever profit, concerns about sustainability and the reality of a net loss in 2024 influenced the stock's decline. However, analysts remain optimistic about SoFi's growth prospects in the coming years, with expectations of positive profits in 2025 and significant earnings growth thereafter. The article suggests that SoFi's future growth potential may still make it an attractive investment despite current setbacks.

via Yahoo Finance|

##earningsforecast #finance-and-investments

finance-and-business2 years ago•2 min saved

"Wall Street Anticipates a Choppy 2024 with Hopes for Economic Normalcy and Rate Cuts"

Wall Street's top bull, John Stoltzfus of Oppenheimer Asset Management, predicts a potential pause in the stock market rally at the start of 2024, following significant gains in the previous year. Despite this, the S&P 500 is expected to grind higher, with a target of 5,200 by the end of 2024, supported by fundamental improvements and continued growth in U.S. corporate revenues and earnings. The market remains data-dependent, with upcoming earnings reports likely to influence investor sentiment.

via MarketWatch|

##earningsforecast #finance-and-business