SoFi Technologies, Inc. (SOFI)
NASDAQ: SOFI · IEX Real-Time Price · USD
7.56
-0.33 (-4.18%)
Apr 10, 2024, 4:00 PM EDT - Market closed
Stock Price Forecast
The 20 analysts with 12-month price forecasts for SoFi Technologies stock have an average target of 8.90, with a low estimate of 3.00 and a high estimate of 14. The average target predicts an increase of 17.72% from the current stock price of 7.56.
Analyst Consensus: Hold
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $3.00 | $8.90 | $8.00 | $14 |
| Change | -60.32% | +17.72% | +5.82% | +85.19% |
Analyst Ratings
The average analyst rating for SOFI stock from 21 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 5 | 6 |
| Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Hold | 9 | 9 | 9 | 9 | 9 | 10 |
| Sell | 2 | 2 | 4 | 4 | 4 | 4 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 17 | 17 | 18 | 18 | 19 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Initiates $11 | Strong Buy | Initiates | $11 | +45.50% | Apr 8, 2024 |
| Keefe, Bruyette & Woods | Keefe, Bruyette & Woods | Sell → Hold Upgrades $6.5 → $7.5 | Sell → Hold | Upgrades | $6.5 → $7.5 | -0.79% | Apr 5, 2024 |
| Needham | Needham | Strong Buy Initiates $10 | Strong Buy | Initiates | $10 | +32.28% | Apr 3, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $15 → $12 | Strong Buy | Maintains | $15 → $12 | +58.73% | Mar 26, 2024 |
| Piper Sandler | Piper Sandler | Hold Reiterates $8.5 → $8 | Hold | Reiterates | $8.5 → $8 | +5.82% | Mar 11, 2024 |
Financial Forecast
Revenue This Year
Increased by 14.57%
from 2.12B
Revenue Next Year
2.87B
from 2.43B
Increased by 17.80%
from 2.43B
EPS This Year
0.08
from -0.36
from -0.36
EPS Next Year
0.25
from 0.08
Increased by 235.18%
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 | 2.43B | 2.87B | 3.64B | 4.39B | 5.04B |
| Revenue Growth | 64.31% | 27.76% | 74.15% | 59.77% | 34.91% | 14.57% | 17.80% | 27.02% | 20.69% | 14.66% |
| EPS | -4.02 | -4.30 | -1.00 | -0.40 | -0.36 | 0.08 | 0.25 | 0.49 | 0.73 | 0.99 |
| EPS Growth | - | - | - | - | - | - | 235.18% | 94.98% | 48.50% | 34.86% |
| No. Analysts | - | - | - | - | - | 20 | 19 | 10 | 3 | 3 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.7B | 3.3B | 4.7B | 4.5B | 5.2B |
| Avg | 2.4B | 2.9B | 3.6B | 4.4B | 5.0B |
| Low | 2.2B | 2.5B | 3.1B | 4.2B | 4.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.8% | 36.0% | 64.7% | 24.2% | 18.0% |
| Avg | 14.6% | 17.8% | 27.0% | 20.7% | 14.7% |
| Low | 5.4% | 2.3% | 6.9% | 15.9% | 10.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.23 | 0.49 | 0.82 | 0.76 | 1.02 |
| Avg | 0.08 | 0.25 | 0.49 | 0.73 | 0.99 |
| Low | 0.03 | 0.08 | 0.25 | 0.71 | 0.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 552.1% | 222.9% | 52.9% | 38.8% |
| Avg | - | 235.2% | 95.0% | 48.5% | 34.9% |
| Low | - | 3.6% | -3.4% | 42.7% | 29.6% |
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.
