SoFi Stock Forecast: SOFI Rises, Overall outlook remains Marginally Positive

SoFi Stock Forecast: Short term recommendation is Sell for the stock

2 analysts

SOFI Stock Forecast: Latest Price

Share Volume17.43 M
Forward P/E (1 Year)-14.68

SOFI Stock Forecast: Latest Video

YouTube video

SOFI Stock Forecast: Momentum summary

OverallMarginally Positive
1. Market DataNeutral
1a. Price Higher
1b. Trading VolumeLower
1c. Performance vs NASDAQ (5 Days)Lower
1d. Technical indicatorBuy
2. Crowd’s WisdomMarginally Positive
2a. Google Search TrendHigher
2b. Net SentimentSteady

SOFI Stock Forecast: Competition Analysis

Stock NamePerformance in last 6 monthsPerformance in last 1 monthZacks RatingsPrice Target for 12 monthsZacks Industry Rank
SoFi-41.98%+15.83%3-Hold$8.58Top 36%
Synchrony Financial (SYF)-21.34%+12.5%3-Hold$42.05Bottom 23%
Lufax (LU)+9.05%-22.13%5-Strong Sell$8.25Bottom 23%
UPST-73.93%-30.9%3-Hold$31.29Top 35%

SOFI Stock Forecast: Technical Analysis

SOFI Stock Forecast: Price target

 Overall Average$8.2
Bank of America$9
Credi suisse$8.5
Morgan Stanley$7.5
Piper Sandler$8

Read: Best EV stocks to buy in 2022

SOFI Stock Latest News and Tweets

SoFi Stock Forecast 2022

SOFI Stock Forecast: Q3 Results

SOFI released its Quarter 3 (which ended on September 30, 2022) results in November 2022.

The company’s total revenues were declared as $407.7 million, up 51.2% Y-o-Y.

Its net interest income is $157.9 million, up 118.1% Y-o-Y.

Operating expenses increased by 61.6% Y-o-Y and were reported as $482.1 million,

The company’s operating income decreased by 159.9% over a year and was reported as -$74.5 million.

Its net income was -$74.2 million, down 147% Y-o-Y.

Revenue per share was $0.44, up 33.3% Y-o-Y.

Diluted earnings per share (EPS) were declared as -$0.08, down 60% Y-o-Y.

At this price, for a trader, the recommendation is to sell the stock. For investors, hold the position and take a call in the next couple of weeks.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

-Rakesh Atla

SoFi Stock Forecast