Sofi Technologies Stock Forecast & Predictions: 1Y Price Target $8.68 | Buy or Sell NASDAQ: SOFI 2024 (2024)

FAQs

Is SoFi a buy, sell, or hold? ›

It is quickly growing its deposit base and increasing its technology platform revenue, which could be crucial to its long-term growth. Its impressive growth is hard to ignore, and at a price-to-sales ratio of 3, I think SoFi could be an excellent investment for patient investors with a long time horizon.

SoFi Technologies Reports Q1 2024 Net Revenue of $645 Million and Net Income of $88 Million, Marking Second Consecutive Quarter of GAAP Profitability.

SOFI Stock 12 Month Forecast

Based on 18 Wall Street analysts offering 12 month price targets for SoFi Technologies in the last 3 months. The average price target is $8.91 with a high forecast of $14.00 and a low forecast of $4.00. The average price target represents a 28.76% change from the last price of $6.92.

SoFi takes your security very seriously. Upon depositing funds into your SoFi checking and, or savings accounts (including vaults), the balance is FDIC insured up to $250,000 per account holder across all deposit accounts. Joint accounts will be insured up to $500,000.

As of 2024-05-30, 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 6.85 USD, the upside of SoFi Technologies Inc is -112.3%.

During the fourth quarter, ended Dec. 31, SoFi surprised investors by posting its first-ever profit on the basis of generally accepted accounting principles. What's even better is that management told investors that ongoing profitability can be expected through 2026.

SoFi Technologies

This business continues to find tremendous success in the boring banking sector. It has been a volatile ride, but investors will be encouraged to know that SoFi Technologies (SOFI -0.58%) has benefited from the market's broad rally. Shares of this banking innovator are up 64% since the start of 2023.

Who owns the most SoFi stock? ›

According to the latest long-term forecast, SoFi price will hit $7 by the middle of 2024 and then $9 by the end of 2026. SoFi will rise to $10 within the year of 2027, $12 in 2029, $15 in 2032 and $17 in 2034.

Given the company's potential for substantial returns, it prompts the question: who owns SOFI? Now, according to TipRanks' ownership page, it's mostly owned by public companies and individual investors at 77.88%, followed by other institutional investors and mutual funds at 12.42% and 9.7%, respectively.

SoFi Tehcnologies Inc Ordinary Shares (SOFI) does not pay dividends. This is the company stock.

It doesn't offer certificates of deposit (CDs) or money market accounts. SoFi Bank is best if you want to earn a competitive interest rate on your money and are comfortable managing everything online.

SoFi Completes $303 MM 'A' Rated Securitization of Refinanced Student Loans Marketplace Lender Achieves “A” Rating from S&P and “A2” from Moody's.

There are no account minimums, and no commissions for stocks and ETFs so you can get started with whatever amount you are comfortable with. SoFi does not require a minimum account balance so investors of all levels have access to the market.