SoFi stock down 40% YTD; Truist raises target to $18

SoFi stock is down 40% year-to-date.

Truist raised price target on SoFi to $18 from $17.

Truist maintains a ‘Hold’ rating on SoFi shares.

SoFi expected to report Q2 results on July 29.

Q2 results may spark a rebound in SoFi stock.