- SoFi Technologies (SOFI, Financial) bolsters its Loan Platform Business with a $3.2 billion boost.
- Analysts predict a potential 15.17% upside with price targets averaging $12.98.
- Current 'Hold' recommendation reflects moderate investor sentiment on SoFi.
SoFi Technologies (SOFI) has announced a significant $3.2 billion enhancement to its Loan Platform Business, secured through strategic agreements with Fortress Investment Group and Edge Focus. This strategic expansion is poised to address the rising demand for personal loans, contributing to a projected 19% increase in SoFi's revenue for Q4 2024. This growth is underpinned by the company's robust Financial Services and Technology Platform segments.
Wall Street Analysts Forecast
The latest analysis from 15 Wall Street analysts projects an average target price of $12.98 for SoFi Technologies Inc (SOFI, Financial). Price estimates range from a high of $20.00 to a low of $5.00, suggesting an average upside potential of 15.17% from the current trading price of $11.27. Investors can access more detailed price target data on the SoFi Technologies Inc (SOFI) Forecast page.
When examining consensus recommendations from 18 brokerage firms, SoFi Technologies Inc (SOFI, Financial) holds an average rating of 2.9, which is interpreted as a "Hold". This scale ranges from 1, indicating a "Strong Buy," to 5, denoting "Sell".
According to GuruFocus estimates, the projected GF Value for SoFi Technologies Inc (SOFI, Financial) in one year stands at $10.50. This suggests a potential downside of 6.83% from its current trading price of $11.27. The GF Value represents GuruFocus' assessment of the stock’s fair value, calculated based on historical trading multiples, past business growth, and future performance projections. For comprehensive data, visit the SoFi Technologies Inc (SOFI) Summary page.
