JMP Securities has issued a new rating for SoFi Technologies (SOFI, Financial), downgrading the stock from "Market Outperform" to "Market Perform." The change in rating suggests a shift in the analyst's outlook on the company's future performance.
Despite the downgrade, analyst Brian McKenna has maintained the stock's price target at $17.00 USD, indicating that there is no expected change in the stock's potential market value in the near term. Previously, the price target was also set at $17.00 USD, showing no adjustment in the estimated valuation.
This rating update comes as part of the ongoing assessments of SoFi Technologies (SOFI, Financial) by industry analysts. Investors may want to consider these insights as part of their broader evaluation of the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for SoFi Technologies Inc (SOFI, Financial) is $15.75 with a high estimate of $21.00 and a low estimate of $6.00. The average target implies an downside of 24.90% from the current price of $20.98. More detailed estimate data can be found on the SoFi Technologies Inc (SOFI) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, SoFi Technologies Inc's (SOFI, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SoFi Technologies Inc (SOFI, Financial) in one year is $11.50, suggesting a downside of 45.17% from the current price of $20.975. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SoFi Technologies Inc (SOFI) Summary page.
