Analyst Ratings For SoFi Techs
Portfolio Pulse from Benzinga Insights
Analyst ratings for SoFi Technologies (NASDAQ:SOFI) have varied over the past three months, with a recent shift towards a more bearish outlook. The average 12-month price target has been adjusted to $7.83 from $9.12, reflecting a 14.14% decline. Key analysts from firms like Wedbush, Morgan Stanley, and Goldman Sachs have updated their ratings and price targets, indicating a mixed sentiment towards the company's financial health and market position. Despite challenges, SoFi has shown a strong revenue growth rate of 31.57% and a net margin of 6.28%, outperforming industry averages.
March 06, 2024 | 8:00 pm
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SoFi Technologies has seen a shift towards a more bearish outlook from analysts, with a revised average 12-month price target of $7.83. Despite this, the company has demonstrated strong revenue growth and profitability metrics.
The mixed analyst ratings and the adjustment in price targets suggest uncertainty in SoFi's short-term stock performance. However, the company's strong revenue growth and profitability could mitigate negative sentiment and stabilize its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100