Key Highlights:
- SoFi Technologies boosts its Loan Platform Business with a $3.2 billion extension from Fortress Investment Group.
- Analysts set an average one-year price target for SoFi Technologies at $12.98.
- GuruFocus estimates a slight downside for SoFi based on the GF Value calculation.
SoFi Technologies (NASDAQ: SOFI) has recently fortified its position in the personal loans sector by securing a significant $3.2 billion extension from its partnership with Fortress Investment Group. This strategic collaboration not only enhances SoFi’s personal loan offerings but also substantially boosts fee-based revenue streams, bringing the total financial commitment from Fortress to more than $5 billion.
Wall Street Analysts' Forecast
Wall Street analysts have set a one-year average price target of $12.98 for SoFi Technologies Inc (SOFI, Financial), with estimates ranging from a high of $20.00 to a low of $5.00. This average target indicates a potential upside of 18.21% from the current share price of $10.98. Investors can access more detailed estimates on the SoFi Technologies Inc (SOFI) Forecast page.
Brokerage Recommendations
According to 18 brokerage firms, the consensus recommendation for SoFi Technologies Inc (SOFI, Financial) holds steady at 2.9, which translates to a "Hold" status on a scale of 1 to 5. Here, 1 stands for Strong Buy and 5 indicates a Sell recommendation.
GF Value Estimate
Utilizing GuruFocus metrics, the estimated GF Value for SoFi Technologies Inc (SOFI, Financial) stands at $10.50 over the next year. This suggests a downside potential of 4.37% from the current stock price of $10.98. The GF Value is a reflection of what GuruFocus believes to be the fair trading value of the stock, derived from its historical trading multiples, past business growth, and projected future performance. For further insights, visit the SoFi Technologies Inc (SOFI) Summary page.
