Fintel reports that on January 10, 2024, Deutsche Bank initiated coverage of SoFi Technologies (NasdaqGS:SOFI) with a Hold recommendation.
Analyst Price Forecast Suggests 9.73% Upside
As of December 16, 2023, the average one-year price target for SoFi Technologies is 9.30. The forecasts range from a low of 3.03 to a high of $15.75. The average price target represents an increase of 9.73% from its latest reported closing price of 8.48.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SoFi Technologies is 2,607MM, an increase of 36.76%. The projected annual non-GAAP EPS is 0.01.
What is the Fund Sentiment?
There are 733 funds or institutions reporting positions in SoFi Technologies. This is an increase of 29 owner(s) or 4.12% in the last quarter. Average portfolio weight of all funds dedicated to SOFI is 0.17%, a decrease of 14.51%. Total shares owned by institutions increased in the last three months by 2.56% to 373,795K shares. 
The put/call ratio of SOFI is 0.84, indicating a bullish outlook.
What are Other Shareholders Doing?
Silver Lake Group, L.L.C. holds 31,154K shares representing 3.25% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 25,049K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 25,032K shares, representing an increase of 0.07%. The firm decreased its portfolio allocation in SOFI by 0.49% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 20,785K shares representing 2.17% ownership of the company. In it's prior filing, the firm reported owning 20,646K shares, representing an increase of 0.67%. The firm increased its portfolio allocation in SOFI by 1.12% over the last quarter.
Two Sigma Investments holds 15,163K shares representing 1.58% ownership of the company. In it's prior filing, the firm reported owning 9,578K shares, representing an increase of 36.83%. The firm increased its portfolio allocation in SOFI by 62.67% over the last quarter.
Geode Capital Management holds 14,265K shares representing 1.49% ownership of the company. In it's prior filing, the firm reported owning 12,878K shares, representing an increase of 9.72%. The firm increased its portfolio allocation in SOFI by 7.58% over the last quarter.
SoFi Technologies Background Information
(This description is provided by the company.)
SoFi Technologies, Inc. operates as a financial technology company. The Company offers financial services platform for borrowing, saving, spending, and investing. SoFi Technologies serves customers in the United States.
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