Sofi stock looks weak, might test $3.50 in the near future
SoFi stock price closed at $4.64
Latest long-term Sofi stock forecast, prediction, and target, the Sofi stock price will touch $6.25 by the end of 2022 and then $10.09 in 2023, $15.49 in 2024, $21.68 in 2025, $61.35 in 2030, $98.25 in 2033, $287.32 in 2040 and will be $1065.16 in 2050.
Welcome to our series of Stock forecasts, Predictions, and price targets for 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050.
Today we will analyze the stocks with both analyses, i.e Technical & Fundamental analysis, and today’s stock is – SoFi Technologies, Inc.
We here give you the stock forecast/prediction at hindiallkuchh.com with the help of analyzing the data by Fundamental data, technical analysis, Elliott wave analysis, and data of $SoFi Stock‘s past price data and what Experts are saying about its future Stock Forecast.
Please remember that this forecast, prediction, or any target is only a suggestion given by experts or analysis. The forecast/prediction that will be perfect is almost impossible. Errors always exist in any analysis, but we are trying our best to give good price stock forecasts/predictions.
Sofi Stock Target for the Next 12 Months
Our website uses a unique formulas-based app for data analysis to determine whether Sofi Stock would make a good addition to its portfolio or not. These forecasts and predictions, consider a number of factors including Fundamental data changes, Technical analysis, price changes, market cycle changes, and many more.
The Last closing Price is $ 4.64, and according to our data analysis, the future price of the Sofi stock is predicted at $9 (103% ) after a year or for 12 months. If you invested $100 now, your investment will be worth $203 in December 2023.
Forecasts and predictions according to analysts’ analysis in Tipranks for Sofi Stock were Bullish. A total of 11 analysts give the rating for Sofi stock. 6 analysts out of 11, give the buy signal, 0 gives the sell signal and 5 analysts preferred the hold signal. Sofi stock target for the next 12 months, according to analysts stood at an average of $7.35, the highest forecast will be at $10, and the lowest forecast at $6.
Sofi Stock Forecast – Sofi Stock Price Prediction
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SoFi Technologies, Inc., Company’s Information
SoFi Technologies, Inc., or simply SoFi, is a U.S.-based online bank and personal finance company with headquarters in San Francisco, California.
Through desktop and mobile app interfaces, SoFi offers a variety of financial products, such as refinancing for student and auto loans, mortgages, personal loans, credit cards, investing, and banking.
Four Stanford Graduate School of Business students, Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady, formed Social Finance Inc.(SoFi) in the summer of 2011 with the aim of giving students more inexpensive choices when taking on debt to pay for their education. The company’s first lending program was a trial run at Stanford University; for this initiative, 40 alumni gave $2 million to around 100 students, averaging $20,000 per borrower.
SoFi raised $77.2 million in September 2012, then on October 2, 2013, SoFi revealed that it had raised $500 million in debt and equity for the purpose of funding and refinancing student loans.
In 2018, SoFi Invest (formerly SoFi Wealth), now known as SoFi Active investing, SoFi debuted commission- and fee-free trades of equities and exchange-traded funds.
SoFi and Coinbase started offering bitcoin trading in February 2019. With the exception of Hawaii, New Jersey, and West Virginia, SoFi allows customers in every state in the United States to trade Bitcoin, Ethereum, Litecoin, and more than 17 other crypto assets.
SoFi also provides a hybrid checking/savings account that functions as an online cash management account. ‘Samsung Money by SoFi’ was introduced by SoFi in July 2020 as part of a partnership with Samsung Pay. Also in late 2020, SoFi unveiled its very first credit card with the intention of encouraging good monetary practices.
SoFi Technologies, Inc. became a publicly traded organization on June 1, 2021, on Nasdaq.
SoFi Stock Fundamental Analysis
SoFi Stock Quarter Results- Q1 March 2022 Earning
> SoFi Technologies, Inc., Revenue was at $353.823 Million compared with $231.2 Million last year, 53 % UP YOY
> SoFi Technologies, Inc., reported a Loss of -$110.357 Million, as compared with -$177.6 Million Loss last year, a 38 % Decreased YOY
SoFi Latest Quarter- Q2 June 2022 Earning
> SoFi Technologies, Inc., Revenue was at $362.527 Million compared with $259.4 Million last year, 57 % UP YOY
> SoFi Technologies, Inc., reported a Loss of -$95.835 Million, as compared with a -$165.3 Million Loss last year. 42 % Decreased YOY
SoFi Stock Quarter- Q3 September 2022 Earning
> SoFi Technologies, Inc., Revenue was at $419.256 Million compared with $293.200 Million last year Q3, 43 % UP YOY
> SoFi Technologies, Inc., reported a Loss of -$74.20 Million, as compared with a -$30.00 Million Loss last year Q3, a 147% Loss Increased YOY
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NASDAQ:SOFI – $Sofi stock Technical Analysis Chart
Can Sofi fall to $3.5? and Is SoFi Stock a good investment at the current price?
Yes, Fundamentally, one can buy Sofi stock at the current price of $4.64, because the last two Quarter’s earnings data comes very impressive, where Revenue increased with excellent numbers, and also the company looks like a turnaround, but technically the stock is in the short term bearish zone, might fall to $3.5 in short term. If the price move above $6.65, then only the short-term trend will likely change, and the above $8.00 trend will be Bullish.
Also expecting a good demand for Stock and good fundamental data for future returns, SoFi Stock encourages good investment bets but goes only for long-term investments. Every stock has risk involved, so do your own research before Investment.
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SoFi Stock Forecast FAQ
Disclaimer: Stocks forecast / Price Prediction / Target given on our website is only for information purposes and to educate the stock market Participants / Traders / Investors. The content that we provide here should not be considered as any financial advice or any other form of advice meant for doing Investment or Trading. One should do own research and analysis before acting on these comments for any stocks. Trading and Investing involve high risk, please consult your financial advisor before making any decision and hindiallkuchh.com will take no responsibility for the consequences whatsoever resulting comes out of acting on these comments.
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