What do analysts say about SoFi stock?
SoFi Technologies has 11.19% upside potential, based on the analysts' average price target. Is SOFI a Buy, Sell or Hold? SoFi Technologies has a consensus rating of Hold which is based on 4 buy ratings, 9 hold ratings and 3 sell ratings.
| Average Recommendation | Hold |
|---|---|
| Average Target Price | 8.38 |
| Number Of Ratings | 18 |
| FY Report Date | 12/2024 |
| Last Quarter's Earnings | 0.02 |
Is SoFi Technologies, Inc. stock A Buy? SoFi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
SoFi Technologies, Inc. stock prediction for 1 year from now: $ 13.78 (86.41%) SoFi Technologies, Inc. stock forecast for 2025: $ 8.84 (14.07%) SoFi Technologies, Inc. stock prediction for 2030: $ 17.07 (120.31%)
SoFi Invest is best for traders wanting to invest in commission-free stocks, ETFs, and options. It offers a good selection of accounts, including a self-managed brokerage account, a robo-advisor, and retirement savings accounts (both active and automatic options available).
As of 2024-07-18, the Intrinsic Value of SoFi Technologies Inc (SOFI) is -0.84 USD. This SOFI valuation is based on the model Peter Lynch Fair Value. With the current market price of 7.84 USD, the upside of SoFi Technologies Inc is -110.8%.
Full SoFi Active Investing review
SoFi Active Investing ranks as one of The Motley Fool Ascent's top picks for best brokerages. This investment platform makes it easy to buy a wide range of stocks, ETFs, and other investment offerings.
SoFi stock price stood at $7.33
According to the latest long-term forecast, SoFi price will hit $8 by the end of 2026 and then $10 by the end of 2027. SoFi will rise to $12 within the year of 2029, $15 in 2032 and $17 in 2035.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., Silver Lake Group, L.L.C., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, NAESX - Vanguard Small-Cap Index Fund Investor Shares, Susquehanna International Group, Llp, State Street Corp, ARK Investment Management LLC, Citadel Advisors Llc, ...
No, the proposal to grant the Board discretion to effect a reverse stock split – if it feels it is in the best interests of SoFi and its stockholders – is not being proposed in order to meet the requirements of any national securities exchange.
Should I keep my money in SoFi?
Who shouldn't use SoFi? If you work part-time or don't receive direct deposit, you likely won't be able to meet the $5,000 minimum requirement. In that case, SoFi wouldn't be a great pick as you'd only earn a 1.2% APY on your savings—a rate you can easily exceed at another bank. Also, SoFi lacks other banking products.
The main downside of SoFi Bank is that it doesn't have physical branch locations, so you can only get customer support by phone or live chat. It also doesn't offer a wide variety of deposit products, including CDs and money market accounts.
Deposits are swept daily to SoFi Bank, N.A., where they earn a variable rate of interest and are eligible for FDIC insurance. Once your deposits reach SoFi Bank, N.A., they are FDIC insured.
SoFi Technologies has 11.19% upside potential, based on the analysts' average price target. Is SOFI a Buy, Sell or Hold? SoFi Technologies has a consensus rating of Hold which is based on 4 buy ratings, 9 hold ratings and 3 sell ratings.
SOFI Stock Looks Like a Decent Bet
Although it has some short-term hurdles, SoFi's positives still outweigh its negatives. With low valuation and a 2.8-times price to sales ratio, the stock seems undervalued.
The housing market is struggling due to rising interest rates, which affected the company's loan book. After losing 71.3% over the past year, SOFI is now a penny stock. It is currently trading 72.7% below its 52-week high of $16.47, which it hit on January 20, 2022.
SoFi recently released their excellent Q1 2024 results. The company reported 37% revenue increase and a positive net income. Although the stock remains 72% below its peak, SoFi's growth potential goes beyond sales and earnings, making it a promising value stock to own in the long-term.
SoFi's historical growth is certainly impressive, and it's probably a key reason the stock might be on your radar. In 2023, the business reported 35% and 44% year-over-year revenue and customer growth, respectively. These figures are significantly higher than they were just a few years ago.
Based on short-term price targets offered by 14 analysts, the average price target for SoFi Technologies, Inc. comes to $8.89. The forecasts range from a low of $4.00 to a high of $12.00. The average price target represents an increase of 31.31% from the last closing price of $6.77.
According to Wall Street analysts, the average 1-year price target for SOFI is 8.78 USD with a low forecast of 4.04 USD and a high forecast of 12.6 USD.
How to get $1000 from SoFi investing?
Become an investor—
Learn the market as you do-it-yourself. Plus, get up to $1,000 in stock when you fund a new account. Customer must fund their Active Invest account with at least $25 within 30 days of opening the account. Probability of customer receiving $1,000 is 0.028%.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Man Infra | 192.65 |
| 2. | BLS Internat. | 345.85 |
| 3. | RHI Magnesita | 584.70 |
| 4. | Gujarat Gas | 622.65 |
SOFI Stock is Still a Long-Term Winner
Conservative or short-term investors might avoid SoFi stock. Yet, as a fast-growing, relatively young company, SoFi expands its deposit base and technology platform revenue, vital for long-term growth.
It's quite possible that SOFI's business continued to grow in the second quarter, which means that the current relatively pessimistic forecasts for its earnings per share and revenue will most likely be beaten again. This could be the catalyst for a long-awaited recovery in the stock price in the foreseeable future.
With a broad range of low-cost ETFs, SoFi provides strong features for cost-conscious investors, especially those just starting out. These beginners are also more likely to find value in SoFi's member bonuses, particularly its career coaching and interest discounts on student loans.
