SoFi Technologies, Inc. (SOFI)
NASDAQ: SOFI · IEX Real-Time Price · USD
7.28
+0.16 (2.25%)
At close: May 17, 2024, 4:00 PM
7.33
+0.05 (0.69%)
Pre-market: May 20, 2024, 5:14 AM EDT
Stock Price Forecast
The 19 analysts with 12-month price forecasts for SoFi Technologies stock have an average target of 9.00, with a low estimate of 3.00 and a high estimate of 14. The average target predicts an increase of 23.63% from the current stock price of 7.28.
Analyst Consensus: Hold
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $3.00 | $9.00 | $8.00 | $14 |
| Change | -58.79% | +23.63% | +9.89% | +92.31% |
Analyst Ratings
The average analyst rating for SOFI stock from 20 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 6 | 6 |
| Buy | 1 | 0 | 0 | 0 | 0 | 0 |
| Hold | 9 | 9 | 9 | 9 | 10 | 9 |
| Sell | 2 | 4 | 4 | 4 | 4 | 4 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 17 | 18 | 18 | 19 | 21 | 20 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Hold Maintains $12 → $11 | Hold | Maintains | $12 → $11 | +51.10% | Apr 30, 2024 |
| Wedbush | Wedbush | Sell Reiterates $3 | Sell | Reiterates | $3 | -58.79% | Apr 30, 2024 |
| Needham | Needham | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +37.36% | Apr 30, 2024 |
| Citigroup | Citigroup | Strong Buy Initiates $11 | Strong Buy | Initiates | $11 | +51.10% | Apr 8, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Sell → Hold Upgrades $6.5 → $7.5 | Sell → Hold | Upgrades | $6.5 → $7.5 | +3.02% | Apr 5, 2024 |
Financial Forecast
Revenue This Year
from 2.12B
Revenue Next Year
2.81B
from 2.40B
Increased by 16.85%
from 2.40B
EPS This Year
0.08
from -0.36
from -0.36
EPS Next Year
0.25
from 0.08
Increased by 210.41%
from 0.08
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 442.66M | 565.53M | 984.87M | 1.57B | 2.12B | 2.40B | 2.81B | 3.26B | 3.86B | 4.42B |
| Revenue Growth | 64.31% | 27.76% | 74.15% | 59.77% | 34.91% | 13.20% | 16.85% | 16.17% | 18.36% | 14.35% |
| EPS | -4.02 | -4.30 | -1.00 | -0.40 | -0.36 | 0.08 | 0.25 | 0.50 | 0.63 | 0.85 |
| EPS Growth | - | - | - | - | - | - | 210.41% | 99.14% | 27.50% | 33.87% |
| No. Analysts | - | - | - | - | - | 17 | 17 | 10 | 3 | 3 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.5B | 3.1B | 3.4B | 4.0B | 4.5B |
| Avg | 2.4B | 2.8B | 3.3B | 3.9B | 4.4B |
| Low | 2.2B | 2.5B | 3.1B | 3.7B | 4.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.5% | 31.0% | 22.7% | 21.8% | 17.7% |
| Avg | 13.2% | 16.9% | 16.2% | 18.4% | 14.3% |
| Low | 3.0% | 5.0% | 8.7% | 13.7% | 9.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.23 | 0.49 | 0.82 | 0.65 | 0.87 |
| Avg | 0.08 | 0.25 | 0.50 | 0.63 | 0.85 |
| Low | 0.03 | 0.10 | 0.25 | 0.61 | 0.81 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 515.0% | 228.8% | 31.2% | 37.8% |
| Avg | - | 210.4% | 99.1% | 27.5% | 33.9% |
| Low | - | 22.1% | -1.6% | 22.5% | 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.
