There are a few things investors need to understand about Wall Street analysts. They are typically careful and wary of upgrading and boosting any company’s valuation or rating (no matter how justified) if the price is lagging behind the broader S&P 500 index or the industry peer group. The reason is simple: if they back a losing horse, their reputations and careers will be at risk.
This might be the case for shares of SoFi Technologies Inc. (NASDAQ: SOFI), as the stock had been falling behind the market indexes and peers in the real estate sector for a few quarters, only to start going on a rampant upward move in the past couple of months, one that is only getting started according to some of the macro data that is being posted in the United States economy.
