Key Highlights:
- SoFi Technologies enhances 401k transfers with Capitalize's API.
- Analysts foresee a potential 6.32% upside for SOFI.
- Current "Hold" consensus among brokerage firms.
SoFi Technologies (SOFI, Financial) is taking strategic steps to expand its financial services, particularly enhancing the ease of 401k account transfers for its users. By integrating with Capitalize's Embedded Rollover API, SoFi aims to streamline the process of locating and transferring legacy 401k funds into SoFi IRAs, further accelerating its targeted revenue growth to $3.31 billion by 2025.
Analyst Forecasts and Price Targets
Wall Street analysts have offered insights into SoFi Technologies Inc (SOFI, Financial), projecting a one-year price target averaging at $14.11. This includes a high forecast of $20.00 and a low of $6.00, suggesting a potential upward movement of 6.32% from today's value of $13.28. For a more comprehensive view of these projections, visit the SoFi Technologies Inc (SOFI) Forecast page.
Brokerage Firm Recommendations
The investment community currently holds a consensus rating of "Hold" for SoFi Technologies Inc, with an average brokerage recommendation of 2.8, according to 18 firms. This rating system ranges from 1 (Strong Buy) to 5 (Sell), positioning SoFi in the middle of the scale.
GuruFocus Value Estimates
According to GuruFocus, the GF Value for SoFi Technologies Inc (SOFI, Financial) over the next year is calculated at $10.85. This estimation indicates a potential downside of 18.27% relative to the current market price of $13.275. The GF Value offers a calculated fair value of the stock derived from historical trading multiples, past business growth metrics, and projected future performance. For detailed insights, investors can refer to the SoFi Technologies Inc (SOFI) Summary page.
