Feed Skupnost
MW
Moe Whitehead
@investormoe · May 15

Shares of fintech company $SOFI are down 5% in pre-market trading after cutting its recommendation from neutral to underperform and target price from $5 to $2.5. The announcement was made by analyst firm Wedbush and the analysis was provided by analyst David Chiaverini, who cuts his recommendation on most fintechs.
Does analyst opinion play a role for you? Or do you not trust some of them and their opinion is irrelevant to you.

RR
Rickie Reeve @rickiereeve May 15

Even after the market closed, news of further purchases by the CEO was released. He is said to have already accumulated 6.5mil pieces. I guess the company's confident, a good sign.

MW
Moe Whitehead @investormoe May 16

Well that's great news, I'll be buying at these prices.

WS
Willard Spencer @willardspencer May 15

I follow analyst "estimates" on Yahoo finance for example :)

DD
Daniela Duong @danieladuong May 15

Sometimes I like to read something, but this particular analyst doesn't seem ok to me, but if he can also influence the stock price, then maybe it's worth watching more:D

MW
Moe Whitehead @investormoe May 15

It was quite surprising to me how an analyst's opinion can affect a stock price.

BG
Barrett Gardener @justbarrett May 15

He's not an analyst as an analyst, but then I never look much at their views.

MP
Mart Poom @martpoom May 15

Not at all 🫡

YE
Yorick Ericson @yorickericson May 15

Let me ask you what this recommendation really means and why are they giving it to us? Do they have a position there and have to report to us that they are selling it for some reason? They don't have to report anything and they just want to buy it from us cheaper and vice versa?

MW
Moe Whitehead @investormoe May 15

Sure, it just amazes me how analyst firms move the stock price.

RR
Rickie Reeve @rickiereeve May 15

Analysts' opinions are irrelevant to me, and even more so in this case. This analyst is statistically one of the worst. 😁

MW
Moe Whitehead @investormoe May 15

That's right, I looked at it. The worst thing is that even an analyst like this can influence the stock price... I don't understand how that is possible.