SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services.
Sofi Technologies stock last closed at $8.13, up 2.14% from the previous day, and has increased 84.77% in one year. It has overperformed other stocks in the Credit Services industry by 0.73 percentage points. Sofi Technologies stock is currently +91.75% from its 52-week low of $4.24, and -30.51% from its 52-week high of $11.70.
At the moment, there are 958.74M shares of SOFI outstanding. The market capitalization of SOFI is $7.79B. In the last 24 hours, 34.29M SOFI shares were traded.
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You can view all of the due diligence checks on SOFI's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge SOFI's true value.
Using relative valuations methods:
You can do more valuation analysis on SOFI's stock here.
Out of 13 Wall Street analysts who track SOFI, the consensus analyst rating on SOFI is a Hold
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Michael Perito, a top 10% analyst from Keefe, Bruyette & Woods upgrades SOFI to a hold rating and announces their SOFI price target of $7.50, on Oct 19, 2023.
Reginald Smith, a bottom 9% analyst from JP Morgan maintains SOFI with a hold rating and raises their SOFI price target from $8.00 to $10.00, on Aug 22, 2023.
Dan Dolev, a bottom 1% analyst from Mizuho maintains SOFI with a strong buy rating and raises their SOFI price target from $9.00 to $15.00, on Aug 2, 2023.
Mizuho's Dan Dolev raised their price target on Sofi Technologies Inc (NASDAQ: SOFI) by 66.67% from $9.00 to $15.00 on 2023/08/02. The analyst maintained their Strong Buy rating on the stock.
Leaving SoFi's Q2 2023 earnings presentation on 2023/07/31, the analyst termed the company's Q2 "flawless."
SoFi's student loan opportunity from the end of the federal student loan payment pause [on 2023/09/01] is back online, Dolev reported.
Furthermore, Mizuho's data suggests that the online bank's potential market is $350B to $400B, which is around 25% of the total outstanding student loan debt of $1.6 trillion, the analyst added, arguing that "the Street must have mispriced this opportunity."
For Q2 2023, SoFi Technologies reported:
For 2H 2023:
For FY 2023:
CEO Anthony Noto commented: “We delivered another quarter of record financial results and generated our ninth consecutive quarter of record adjusted net revenue, which was up 37% Y/Y.
“Record revenue at the company level was driven by record revenue in both our Technology Platform business segment and our Financial Services business segment coupled with continued strong Lending business segment revenue growth.
“We also generated our fourth consecutive quarter of record adjusted EBITDA of $77M, representing a 43% incremental adjusted EBITDA margin and a 16% margin overall, as well as a 36% incremental GAAP net income margin.”
Mihir Bhatia, a top 18% analyst from Bank of America maintains SOFI with a hold rating and raises their SOFI price target from $10.00 to $11.50, on Aug 1, 2023.
David Chiaverini, a bottom 3% analyst from Wedbush reiterates SOFI with a sell rating and maintains their SOFI price target from $3.00 to $3.00, on Aug 1, 2023.
You can dig deeper into what analysts are saying on the Sofi Technologies stock forecast page.
Last year, SOFI revenue was $1.96B. In the past two year, SOFI's revenue has increased by 50.19% per year. This was faster than the Credit Services industry average of 9.93%.
Dive into SOFI's earnings and revenue performance here.
In the last 12 months, insiders at SOFI have sold more shares than they have bought.
Anthony Noto, Chief Executive Officer of SOFI, was the latest SOFI insider to buy. They bought $146,295.00 worth of SOFI stock on Nov 21, 2023.
Get more info about who owns SOFI shares here.
No, Sofi Technologies doesn't provide an income stream by paying out dividends.
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