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SoFi Technologies (SOFI) Stock Forecast & Price Target

$7.18
-0.25 (-3.36%)
(As of 02:53 PM ET)

SoFi Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 17 Wall Street analysts who have issued ratings for SoFi Technologies in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 2 have given a sell rating, 10 have given a hold rating, and 5 have given a buy rating for SOFI.

Consensus Price Target

$9.29
29.44% Upside
High Forecast$14.00
Average Forecast$9.29
Low Forecast$3.00

According to the 17 analysts' twelve-month price targets for SoFi Technologies, the average price target is $9.29. The highest price target for SOFI is $14.00, while the lowest price target for SOFI is $3.00. The average price target represents a forecasted upside of 29.44% from the current price of $7.18.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$9.29$9.32$9.08$7.73
Forecasted Upside29.44% Upside18.24% Upside11.67% Upside0.61% Upside
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SOFI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SOFI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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SoFi Technologies Stock vs. The Competition

TypeSoFi TechnologiesBusiness Services CompaniesS&P 500
Consensus Rating Score
2.18
2.64
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside25.09% Upside179.97% Upside9.25% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/9/2024Barclays
2 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$10.00 ➝ $8.00+29.03%
7/9/2024Keefe, Bruyette & Woods
4 of 5 stars
 Lower TargetMarket Perform ➝ Market Perform$7.50 ➝ $7.00+10.24%
7/2/2024Needham & Company LLC
3 of 5 stars
 Reiterated RatingBuy ➝ Buy$10.00 ➝ $10.00+55.52%
6/7/2024BTIG Research
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V. Caintic
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Initiated CoverageNeutral
4/30/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetHold ➝ Hold$12.00 ➝ $11.00+62.48%
4/30/2024Wedbush
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 Reiterated RatingUnderperform ➝ Underperform$3.00-57.42%
4/8/2024Citigroup
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 Initiated CoverageBuy ➝ Buy$11.00+44.36%
3/26/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$15.00 ➝ $12.00+65.29%
1/31/2024Morgan Stanley
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 Reiterated RatingEqual Weight ➝ Underweight$7.00 ➝ $6.50-22.62%
1/30/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$7.00 ➝ $8.00-12.66%
1/18/2024Mizuho
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 Lower TargetBuy ➝ Buy$15.00 ➝ $12.00+64.61%
11/17/2023Piper Sandler
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 Lower TargetNeutral ➝ Neutral$9.00 ➝ $8.50+24.63%
10/31/2023Truist Financial
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 Lower TargetBuy ➝ Buy$16.00 ➝ $14.00+90.48%
10/20/2023UBS Group
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 Initiated CoverageNeutral$7.00-8.26%
10/5/2023Bank of America
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 Lower Target$11.50 ➝ $10.00+33.87%
8/22/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$8.00 ➝ $10.00+20.63%
7/24/2023Stephens
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 Initiated CoverageEqual Weight$7.00-25.93%
6/22/2023Compass Point
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 Initiated CoverageSell$5.00-41.11%
6/15/2023Oppenheimer
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 DowngradeOutperform ➝ Market Perform
1/31/2023Credit Suisse Group
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 Lower TargetNeutral$8.00 ➝ $7.50+8.23%
9/14/2022Bank Of America (Bofa)
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Mihir Bhatia
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UpgradeNeutral ➝ Buy$8.00 ➝ $9.00+49.50%
9/9/2022Seaport Res Ptn
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W. Ryan
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Reiterated RatingNeutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:24 PM ET.

SOFI Forecast - Frequently Asked Questions

What is SoFi Technologies' forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for SoFi Technologies is $9.29, with a high forecast of $14.00 and a low forecast of $3.00.

Should I buy or sell SoFi Technologies stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last year. There are currently 2 sell ratings, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SOFI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SOFI, but not buy additional shares or sell existing shares.

Does SoFi Technologies's stock price have much upside?

According to analysts, SoFi Technologies's stock has a predicted upside of 20.51% based on their 12-month stock forecasts.

What analysts cover SoFi Technologies?

SoFi Technologies has been rated by research analysts at Barclays, BTIG Research, Deutsche Bank Aktiengesellschaft, Keefe, Bruyette & Woods, Needham & Company LLC, and Wedbush in the past 90 days.

Do Wall Street analysts like SoFi Technologies more than its competitors?

Analysts like SoFi Technologies less than other "business services" companies. The consensus rating for SoFi Technologies is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how SOFI compares to other companies.


This page (NASDAQ:SOFI) was last updated on 7/24/2024 by MarketBeat.com Staff

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