- Citizens JMP initiates coverage on SoFi Technologies with an Outperform rating.
- Wall Street sets varied price targets for SOFI, ranging from $5.00 to $20.00.
- GuruFocus reveals a potential downside based on GF Value estimation.
Shares of SoFi Technologies (SOFI, Financial) have gained momentum following coverage initiation by Citizens JMP, which has assigned an "Outperform" rating and set an ambitious price target of $17. This endorsement reflects increasing investor confidence in SoFi as a promising long-term asset.
Wall Street Analysts' Insights
Delving into the projections of 15 seasoned analysts, the average target price for SoFi Technologies Inc. (SOFI, Financial) stands at $12.98. There's a span in these estimates, with the most optimistic outlook being $20.00 while the conservative end sees a potential valuation of $5.00. This current target average hints at a modest upside of 0.78% from SoFi's present price of $12.88. Investors are encouraged to explore more detailed predictions at the SoFi Technologies Inc (SOFI) Forecast page.
Brokerage Recommendations
From an aggregate of 18 brokerage firms, SoFi Technologies currently holds an average brokerage recommendation of 2.9, signifying a "Hold" status. This evaluation operates on a scale from 1 to 5, where 1 corresponds to a Strong Buy and 5 indicates a Sell.
GuruFocus Valuation
According to GuruFocus estimates, the anticipated GF Value for SoFi Technologies (SOFI, Financial) within the next year is projected at $10.50. This suggests a potential downside of 18.48% relative to its current trading price of $12.88. The GF Value offers insight into what the stock's fair trading value should be, derived from historical trading multiples, past growth patterns, and future business performance forecasts. For additional comprehensive data, investors can refer to the SoFi Technologies Inc (SOFI) Summary page.
