SoFi Technologies (SOFI) Stock Forecast & Price Target

$13.40 -0.10 (-0.74%)

(As of 11/14/2024 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 12 Analyst Ratings

Sell
2

Hold
7

Buy
3

Based on 12 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 12 analysts, 2 have given a sell rating, 7 have given a hold rating, and 3 have given a buy rating for SOFI.

Consensus Price Target

$9.32
-30.46% Downside

According to the 12 analysts' twelve-month price targets for SoFi Technologies, the average price target is $9.32. The highest price target for SOFI is $13.00, while the lowest price target for SOFI is $3.00. The average price target represents a forecasted downside of -30.46% from the current price of $13.40.

SOFI Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)	10 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$9.32	$9.08	$9.20	$8.88
Forecasted Upside	-30.46% Downside	-10.84% Downside	31.43% Upside	20.42% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	Finance Companies	S&P 500
Consensus Rating Score	2.08	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-31.73% Downside	11.82% Upside	8.54% Upside
News Sentiment Rating	Positive News See Recent SOFI 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
10/30/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$7.50 ➝ $8.50	-25.37%
10/30/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$8.00 ➝ $9.00	-20.98%
10/30/2024	Needham & Company LLC 2 of 5 stars		Boost Target	Buy ➝ Buy	$10.00 ➝ $13.00	+24.16%
10/29/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$12.00 ➝ $13.00	+24.16%
10/18/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Christiansen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
7/9/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$7.50 ➝ $7.00	+10.24%
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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%
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%
1/18/2024	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:34 PM ET.

SOFI Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for SoFi Technologies is $9.32, with a high forecast of $13.00 and a low forecast of $3.00.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SoFi Technologies in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 3 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.
: According to analysts, SoFi Technologies's stock has a predicted downside of -30.46% based on their 12-month stock forecasts.
: Over the previous 90 days, SoFi Technologies's stock had 1 downgrade by analysts.
: SoFi Technologies has been rated by research analysts at Barclays, Citigroup, Jefferies Financial Group, Needham & Company LLC, and The Goldman Sachs Group in the past 90 days.
: Analysts like SoFi Technologies less than other "finance" companies. The consensus rating score for SoFi Technologies is 2.08 while the average consensus rating score for "finance" companies is 2.49. Learn more on how SOFI compares to other companies.

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This page (NASDAQ:SOFI) was last updated on 11/14/2024 by MarketBeat.com Staff

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SoFi Technologies (SOFI) Stock Forecast & Price Target