- SoFi Technologies inks a $5 billion loan deal with Blue Owl Capital, aiming to diversify its revenue streams.
- The agreement propels SoFi's stock by 12%, outshining market trends.
- Analysts predict a potential 21.20% upside based on current price targets.
SoFi Technologies Inc. (SOFI) recently solidified a significant $5 billion loan platform agreement with Blue Owl Capital. This strategic partnership is a bold move to diversify SoFi's revenue streams and enhance its suite of financial services. As a result, SoFi's stock witnessed an impressive 12% surge, significantly outpacing broader market trends.
Wall Street Analysts' Insights
Fifteen analysts provide a one-year price target for SoFi Technologies, which averages at $12.98. Price estimates range from a high of $20.00 to a low of $5.00. This average target price suggests a potential upside of 21.20% from the current price of $10.71. For more in-depth information, visit the SoFi Technologies Inc (SOFI, Financial) Forecast page.
The consensus recommendation from 18 brokerage firms currently positions SoFi Technologies at an average recommendation of 2.9, equating to a "Hold" status. This rating scale spans from 1 to 5, where 1 signals a Strong Buy and 5 indicates a Sell.
Evaluating Future Valuation with GF Value
According to GuruFocus estimates, the projected GF Value for SoFi Technologies in the next year is set at $10.56. This estimate indicates a potential downside of 1.4% from the current stock price of $10.71. The GF Value is GuruFocus' proprietary metric, which estimates a stock's fair trading value based on historical trading multiples, past business growth, and future business performance projections. For further details, explore the SoFi Technologies Inc (SOFI, Financial) Summary page.
