SoFi Technologies, Inc. (SOFI)
NASDAQ: SOFI · IEX Real-Time Price · USD
6.45
+0.02 (0.31%)
At close: Jul 2, 2024, 4:00 PM
6.49
+0.04 (0.62%)
After-hours: Jul 2, 2024, 7:59 PM EDT
SoFi Technologies Stock Forecast
Stock Price Forecast
The 17 analysts with 12-month price forecasts for SoFi Technologies stock have an average target of 9.35, with a low estimate of 3.00 and a high estimate of 14. The average target predicts an increase of 44.96% from the current stock price of 6.45.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SOFI stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 6 | 6 | 6 | 6 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 9 | 9 | 10 | 10 | 9 | 8 |
| Sell | 4 | 4 | 4 | 4 | 4 | 4 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Total | 18 | 19 | 21 | 21 | 20 | 18 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +55.04% | Jul 2, 2024 |
| BTIG | BTIG | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Jun 7, 2024 |
| Wedbush | Wedbush | Sell Reiterates $3 | Sell | Reiterates | $3 | -53.49% | Apr 30, 2024 |
| Needham | Needham | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +55.04% | Apr 30, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $12 → $11 | Hold | Maintains | $12 → $11 | +70.54% | Apr 30, 2024 |
Financial Forecast
Revenue This Year
2.45B
from 2.12B
Increased by 15.41%
Revenue Next Year
2.85B
from 2.45B
Increased by 16.24%
EPS This Year
0.09
from -0.36
EPS Next Year
0.24
from 0.09
Increased by 165.99%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.5B | 3.2B | 3.8B | 4.0B | 4.5B |
| Avg | 2.5B | 2.8B | 3.4B | 3.9B | 4.4B |
| Low | 2.3B | 2.5B | 3.1B | 3.7B | 4.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.0% | 28.9% | 32.8% | 16.9% | 17.7% |
| Avg | 15.4% | 16.2% | 19.3% | 13.6% | 14.3% |
| Low | 9.6% | 3.2% | 8.2% | 9.1% | 9.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.15 | 0.38 | 0.84 | 0.65 | 0.87 |
| Avg | 0.09 | 0.24 | 0.49 | 0.63 | 0.85 |
| Low | 0.08 | 0.12 | 0.34 | 0.61 | 0.81 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 314.9% | 246.7% | 33.8% | 37.8% |
| Avg | - | 166.0% | 100.8% | 30.0% | 33.9% |
| Low | - | 29.1% | 41.6% | 24.9% | 28.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.