A Glimpse Into The Expert Outlook On SoFi Techs Through 8 Analysts

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During the last three months, 8 analysts shared their evaluations of SoFi Techs SOFI, revealing diverse outlooks from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 0 3 1 0
Last 30D 0 0 0 0 0
1M Ago 0 0 0 0 0
2M Ago 2 0 1 1 0
3M Ago 2 0 2 0 0

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $9.06, a high estimate of $12.00, and a low estimate of $3.00. A decline of 13.71% from the prior average price target is evident in the current average.

Diving into Analyst Ratings: An In-Depth Exploration

The standing of SoFi Techs among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Mark Devries Deutsche Bank Lowers Hold $11.00 $12.00
David Chiaverini Wedbush Maintains Underperform $3.00 -
Kyle Peterson Needham Maintains Buy $10.00 -
Ashwin Shirvaikar Citigroup Announces Buy $11.00 -
Timothy Switzer Keefe, Bruyette & Woods Raises Market Perform $7.50 $6.50
Kyle Peterson Needham Announces Buy $10.00 -
John Hecht Jefferies Lowers Buy $12.00 $15.00
Kevin Barker Piper Sandler Lowers Neutral $8.00 $8.50

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SoFi Techs. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of SoFi Techs compared to the broader market.
  • Price Targets: Understanding forecasts, analysts offer estimates for SoFi Techs's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into SoFi Techs's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on SoFi Techs analyst ratings.

Delving into SoFi Techs's Background

SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

SoFi Techs: A Financial Overview

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Positive Revenue Trend: Examining SoFi Techs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 24.07% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.31%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): SoFi Techs's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.41%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): SoFi Techs's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.25%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: With a below-average debt-to-equity ratio of 0.52, SoFi Techs adopts a prudent financial strategy, indicating a balanced approach to debt management.

What Are Analyst Ratings?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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