Hey there, fellow investors! Are you feeling the heat after the recent banking crisis? Well, fear not because there’s some good news for you! SoFi Technologies (NASDAQ:SOFI) stock might just be the perfect opportunity for you to build your position. Sure, the stock has taken a hit due to the FUD surrounding bank stocks, but the recent rescues of First Republic (NYSE:FRC) and Credit Suisse (NYSE:FRC) have helped calm investors’ nerves. Now, let’s talk about why you should be bullish on SoFi. First of all, SoFi is not SVB, so existing shareholders can breathe a sigh of relief. But that’s not the only reason to buy the dip. SoFi’s ”story” has been in place before the crisis, and the transformation into a full-fledged bank has been a boon for growth. In fact, for the full year 2022, the bank’s membership base and annual revenue grew by more than 50%! That’s impressive! Moving on to the EV market, let’s talk about Tesla (TSLA). With the first-quarter 2023 delivery and production data set to release in early April, Barclays analyst Dan Levy predicts a ”modest” deliveries beat. Wall Street is expecting around 430,000 Tesla deliveries, and Barclays maintains an ”Overweight” rating and a 275 price target for Tesla stock. Meanwhile, Citigroup (C) analyst Itay Michaeli raised the price target on Tesla stock to 192, up from 146. Michaeli maintained a ”Neutral” rating on Tesla shares and expects the company’s auto gross margins to give investors a first look at the impact of Tesla’s price cuts. Now, let’s talk about Nio (NIO). The slowing growth of EV sales has caused concern for top EV names after a big bank published a research report highlighting recently reduced growth numbers. Nio’s share price took a 3% hit as a result. However, UBS analyst Patrick Hummel expressed continued optimism for the global expansion of the EV segment and expects EVs to continue making inroads, grabbing 26% worldwide market share in 2025 and 51% in 2030. Nio, being a major EV company based in China, will benefit from these positive trends, but it will have to fight harder if the apparently weakening desire for EVs becomes a long-term trend. So there you have it, folks! Keep an eye on SoFi, Tesla, and Nio as they navigate through these challenging times. Don’t forget to do your own research and make informed decisions. Happy investing!
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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.
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