- SoFi Technologies has secured $3.2 billion in new loan commitments, bolstering its financial platform.
- Analysts project an average price target of $12.98 for SOFI, with varied predictions reflecting diverse market views.
- Despite optimism, current analysis suggests a "Hold" rating and a potential 4.2% downside according to GF Value estimates.
SoFi Technologies (SOFI, Financial) recently announced a significant expansion of its loan platform, with a total of $3.2 billion in new commitments secured from industry heavyweights Fortress Investment Group and Edge Focus. Fortress has committed $2 billion specifically for personal loans, which builds on their previous commitments. Additionally, a strategic joint venture between Fortress and Edge Focus will contribute another $1.2 billion, providing substantial financial backing to SoFi's operations.
Wall Street Analysts Forecast
According to the one-year price targets provided by 15 analysts, SoFi Technologies Inc (SOFI, Financial) boasts an average target price of $12.98. Analysts' expectations vary, with a high estimate of $20.00 and a low estimate of $5.00. This average target suggests an upside of 18.43% from the current trading price of $10.96. Investors can explore more detailed estimate data on the SoFi Technologies Inc (SOFI) Forecast page.
In terms of brokerage firm consensus, SoFi Technologies Inc (SOFI, Financial) has an average recommendation rating of 2.9, indicating a "Hold" status. This rating is based on a scale from 1 to 5, where a score of 1 reflects a "Strong Buy," and a score of 5 indicates a "Sell."
Assessing the stock's valuation, GuruFocus estimates that the GF Value for SoFi Technologies Inc (SOFI, Financial) in one year is $10.50. This valuation suggests a downside of 4.2% from the current stock price of $10.96. GF Value represents GuruFocus' estimation of the fair value at which the stock should trade. It integrates historical trading multiples, past business growth, and future performance projections. Investors seeking more detailed analysis can visit the SoFi Technologies Inc (SOFI) Summary page.
