Shares of SoFi Technologies (SOFI) have received a unanimous “Buy” rating from twelve different brokerage firms, according to a report by STA Research Ratings. The company has garnered six “Buy” ratings and six “Hold” ratings from analysts. These assessments have resulted in an average 12-month target price of $7.45.
Recent comments from various equities research analysts shed further light on SoFi Technologies’ stock performance. JPMorgan Chase & Co. initiated coverage on SoFi Technologies stock, assigning a “neutral” rating and a $6.00 price target. Truist Financial also initiated coverage, offering a “buy” rating and setting a $8.00 price target. Morgan Stanley, on the other hand, raised their price target from $6.00 to $6.50 and maintained an “equal weight” rating. Oppenheimer increased their price target from $6.00 to $7.00, along with an “outperform” rating.
Regarding its stock price performance, SoFi Technologies’ stock opened at $5.02 on Monday. The company currently has a market capitalization of $4.69 billion, a price-to-earnings (P/E) ratio of -16.19, and a beta of 1.65. Its one-year low stands at $4.24, while the highest point was $8.52. The fifty-day moving average price is $5.71, and the 200-day moving average price is $5.57. SoFi Technologies stock maintains a debt-to-equity ratio of 1.05, a current ratio of 2.00, and a quick ratio of 0.27.
On May 1st, SoFi Technologies released its quarterly earnings data. The company reported an earnings per share (EPS) of ($0.05) for the quarter, surpassing the consensus estimate of ($0.08) by $0.03. Additionally, SoFi Technologies recorded a negative return on equity of 4.71% and a negative net margin of 13.72%. The company’s quarterly revenue amounted to $460.20 million, exceeding the consensus estimate of $436.78 million. In the same quarter of the previous year, SoFi Technologies reported earnings per share of ($0.14). The company’s quarterly revenue experienced a year-over-year increase of 43.1%. Analysts specializing in equities research project that SoFi Technologies will achieve an EPS of -0.17 for the current year.
Given the SoFi stock forecast, with a consensus rating of “Buy” and an average 12-month target price of $7.45, investors and analysts remain optimistic about the future performance of SoFi Technologies stock. However, it is essential to note that stock predictions, such as the SoFi stock price prediction 2025 and SoFi stock price prediction 2030, are subject to market fluctuations and can change over time.
While analyzing the performance and potential of SoFi Technologies, investors can refer to various sources of information, including SoFi stock Reddit threads and SoFi stock forums, to gather insights and opinions from the community. It is important to conduct thorough research and consider multiple perspectives when making investment decisions.
Ultimately, the question of whether SoFi stock is a good stock to buy or a good investment depends on an individual’s financial goals, risk tolerance, and assessment of the company’s fundamentals. Investors should carefully evaluate factors such as the SoFi stock dividend, SoFi stock options, and overall market conditions. It’s worth noting that stock prices can fluctuate, and the SoFi stock may experience ups and downs. If an investor believes in the long-term potential of SoFi Technologies and has confidence in its business model and growth prospects, it could be considered a viable investment option.
As with any investment, it is crucial to keep track of the SOFI market performance, industry trends, and any relevant news that may impact the stock’s valuation. Understanding the reasons behind any fluctuations, such as reasons for the SoFi stock being down, can help investors make informed decisions.
In summary, SoFi Technologies has received a favorable consensus recommendation of “Buy” from brokerage firms, with an average target price of $7.45. The SoFi stock forecast remains positive, although it’s important for investors to conduct their own analysis and consider various factors before deciding whether SoFi stock is a suitable investment for their portfolio.
SoFi Stock Analysis & Forecast
According to the consensus forecast of 12 analysts, the average target price for SoFi Technologies Inc. over the next 12 months is estimated to be USD 6.25. The analysts’ overall rating for SoFi Technologies Inc. is Buy. However, Stock Target Advisor’s analysis of the company’s stock suggests a slightly bearish outlook, based on 2 positive signals and 4 negative signals. As of the last closing, the stock price of SoFi Technologies Inc. was USD 5.02. Over the past week, the stock price has experienced a decrease of -2.71%, while over the past month and the last year, it has declined by -15.20% and -25.63% respectively.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
