tldrdaily.news logo
Tag

Fair Value Accounting

All articles tagged with #fair value accounting

finance2 years ago

"SoFi Stock Analysis: Navigating Tough Competition and High Valuation for Profit"

SoFi Technologies, Inc. (NASDAQ:SOFI) experienced a significant surge followed by a pullback, leading to a bear market from its December 2023 highs. Despite uncertainties in fair value accounting policies and potential Fed rate cuts in 2024, the company is set to release its fourth-quarter earnings, with analysts expecting strong results. The market has de-rated SOFI, possibly due to concerns about its GAAP profitability trajectory. However, the company's improving fundamentals and medium-term upward bias in price action suggest a constructive pullback, making it an opportune time for investors to consider buying. The article maintains a Strong Buy rating for SOFI and encourages investors to conduct their due diligence.

via Seeking Alpha|
#earnings#fair-value-accounting#finance
cryptocurrency2 years ago

MicroStrategy's Bitcoin Holdings Soar as BTC Price Surges

Michael Saylor, CEO of MicroStrategy, believes that Bitcoin will experience a 10x increase in value due to several catalysts. These include a reduction in supply and increase in demand as a result of the upcoming halving in April 2024, the potential adoption of Bitcoin as a treasury asset by corporations due to new fair value accounting rules, and the need for the cryptocurrency industry to move towards more regulation and away from unreliable tokens. Saylor predicts that once the industry focuses on Bitcoin and moves away from distractions, it will reach new heights.

via CoinDesk|
#bitcoin#bitcoin-etfs#bitcoin-miners
finance2 years ago

SoFi stock drops on Wedbush downgrade and executive share sell-off.

Wedbush downgraded SoFi Technologies to Underperform from Neutral due to concerns over the company's fair value accounting model, which may lead to headwinds. Analyst David Chiaverini believes that the company's capital levels may be overstated using fair value accounting and that it may need to raise capital this year to support growth. The price target was cut to $2.50 from $5. SoFi's stock slid as much as 10.9% to a three-month low.

via Seeking Alpha|
#capital-raise#fair-value-accounting#finance