SoFi Technologies (SOFI) Stock Forecast & Price Target

$7.41

+0.14 (+1.93%)

(As of 07/26/2024 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

Hold
Based on 16 Analyst Ratings

Based on 16 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 16 analysts, 2 have given a sell rating, 9 have given a hold rating, and 5 have given a buy rating for SOFI.

Consensus Price Target

$9.44
27.36% Upside

High Forecast	$14.00
Average Forecast	$9.44
Low Forecast	$3.00

According to the 16 analysts' twelve-month price targets for SoFi Technologies, the average price target is $9.44. 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 27.36% from the current price of $7.41.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
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	9 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	$9.44	$9.32	$9.08	$7.73
Forecasted Upside	27.36% Upside	18.24% Upside	11.67% Upside	0.61% 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.

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.

SoFi Technologies Stock vs. The Competition

Type	SoFi Technologies	Business Services Companies	S&P 500
Consensus Rating Score	2.19	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	27.36% Upside	127.94% Upside	9.13% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/9/2024	Barclays 2 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$10.00 ➝ $8.00	+29.03%
7/9/2024	Keefe, Bruyette & Woods 4 of 5 stars		Lower Target	Market Perform ➝ Market Perform	$7.50 ➝ $7.00	+10.24%
7/2/2024	Needham & Company LLC 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$10.00 ➝ $10.00	+55.52%
6/7/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Caintic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
4/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$12.00 ➝ $11.00	+62.48%
4/30/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform ➝ Underperform	$3.00	-57.42%
Get the Latest News and Ratings for SOFI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for SoFi Technologies and its competitors with MarketBeat's FREE daily newsletter.
4/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$11.00	+44.36%
3/26/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$15.00 ➝ $12.00	+65.29%
1/31/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Underweight	$7.00 ➝ $6.50	-22.62%
1/30/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$7.00 ➝ $8.00	-12.66%
1/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$15.00 ➝ $12.00	+64.61%
11/17/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$9.00 ➝ $8.50	+24.63%
10/31/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$16.00 ➝ $14.00	+90.48%
10/20/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$7.00	-8.26%
10/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$11.50 ➝ $10.00	+33.87%
8/22/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$8.00 ➝ $10.00	+20.63%
7/24/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$7.00	-25.93%
6/22/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$5.00	-41.11%
6/15/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
1/31/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$8.00 ➝ $7.50	+8.23%
9/14/2022	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating	Mihir Bhatia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$8.00 ➝ $9.00	+49.50%
9/9/2022	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Ryan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:57 AM ET.

SOFI Forecast - Frequently Asked Questions

What is SoFi Technologies' forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for SoFi Technologies is $9.44, with a high forecast of $14.00 and a low forecast of $3.00.
Should I buy or sell SoFi Technologies stock right now?: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 24.18% 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.