Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
SoFi Technologies, Inc. Market Cap
The SoFi Technologies, Inc. (SOFI) share price is expected to decrease by 0.12% over the next year. This is based on calculating the average 12-month share price estimate provided by 2 stock analysts who have covered SOFI. Price targets range from $4 at the low end to $12 at the high end. The current analyst consensus for SOFI is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
SOFI is a stock in Financial Services which has been forecasted to be worth $8.38 as an average. On the higher end, the forecast price is $12 USD by Ashwin Shirvaikar from Citigroup and on the lower end SOFI is forecasted to be $4 by from .
These are the latest 20 analyst ratings of SOFI.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Kyle Peterson Needham | Buy | $10 | Reiterates | Aug 5, 2024 |
| Kyle Peterson Needham | Buy | $10 | Reiterates | Jul 31, 2024 |
| Terry Ma Barclays | Equal-Weight | $8 | Maintains | Jul 9, 2024 |
| Timothy Switzer Keefe, Bruyette & Woods | Market Perform | $7 | Maintains | Jul 9, 2024 |
| Kyle Peterson Needham | Buy | $10 | Reiterates | Jul 2, 2024 |
| Vincent Caintic BTIG | Neutral | Assumes | Jun 7, 2024 | |
| David Chiaverini Wedbush | Underperform | $3 | Reiterates | Apr 30, 2024 |
| Kyle Peterson Needham | Buy | $10 | Reiterates | Apr 30, 2024 |
| Mark Devries Deutsche Bank | Hold | $11 | Maintains | Apr 30, 2024 |
| Ashwin Shirvaikar Citigroup | Buy | $11 | Reinstates | Apr 8, 2024 |
| Timothy Switzer Keefe, Bruyette & Woods | Market Perform | $7.5 | Upgrade | Apr 5, 2024 |
| Kyle Peterson Needham | Buy | $10 | Initiates | Apr 3, 2024 |
| John Hecht Jefferies | Buy | $12 | Maintains | Mar 26, 2024 |
| Kevin Barker Piper Sandler | Neutral | $8 | Reiterates | Mar 11, 2024 |
| David Chiaverini Wedbush | Underperform | $3 | Reiterates | Mar 6, 2024 |
| Jeffrey Adelson Morgan Stanley | Underweight | $6.5 | Downgrade | Jan 31, 2024 |
| Michael Ng Goldman Sachs | Neutral | $8 | Maintains | Jan 30, 2024 |
| Dan Dolev Mizuho | Buy | $12 | Maintains | Jan 18, 2024 |
| Mark Devries Deutsche Bank | Hold | $11 | Initiates | Jan 10, 2024 |
| Michael Perito Keefe, Bruyette & Woods | Underperform | $6.5 | Downgrade | Jan 3, 2024 |
When did it IPO
2020
Staff Count
4,400
Country
United States
Sector/Industry
Financial Services/Credit Services
CEO
Mr. Anthony J. Noto
Market Cap
$8.35B
In 2023, SOFI generated $2.11B in revenue, which was a increase of 33.98% from the previous year. This can be seen as a signal that SOFI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 30 Sep 2024
Sentiment - POSITIVE
Source - CNBC Television
Summary - Liz Young Thomas of SoFi discussed market trends and investment opportunities on 'Squawk Box,' including the impact of the Fed's interest rate decisions.
Why It Matters - Insights from SoFi's head of investment strategy can guide investors on market trends and opportunities, particularly in light of the Fed's interest rate decisions, influencing investment strategies.
Sun, 29 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - SoFi has diversified its offerings, expanding into various financial services beyond lending, with non-lending segments experiencing faster growth than lending.
Why It Matters - SoFi's diversification into rapidly growing financial services indicates potential for increased revenue streams, reducing reliance on lending and enhancing overall stability and growth prospects.
Sun, 29 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - SoFi's customer bank account deposits exceed $23 billion, and the company has achieved three consecutive profitable quarters while expanding its banking and technology operations.
Why It Matters - SoFi's rising deposits and consecutive profitability signal strong growth and financial stability, enhancing investor confidence and potentially increasing stock value.
Mon, 30 Sep 2024
Sentiment - NEGATIVE
Source - Seeking Alpha
Summary - SoFi Technologies shows rising revenue and gross margins but remains unprofitable with a high P/E ratio. It targets Millennials amid risks from competition and negative RoE and FCF.
Why It Matters - SoFi's growth potential and appeal to Millennials contrast with its high P/E and profitability concerns. Competition and financial metrics will influence investor confidence and stock performance.
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - SoFi Technologies, Inc. (SOFI) closed at $7.73, down 1.28% from the previous trading day.
Why It Matters - A 1.28% drop in SoFi's stock price may signal investor concerns or market volatility, potentially impacting future trading strategies and sentiment towards the company.
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - Business Wire
Summary - Galileo Financial Technologies, a SoFi subsidiary, launched Secured Credit with Dynamic Funding to aid fintechs and banks in serving underbanked customers, simplifying credit management.
Why It Matters - Galileo's launch of Secured Credit with Dynamic Funding enhances access to credit for underbanked consumers, potentially increasing market share and revenue for SoFi Technologies.
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