Fintel reports that on October 31, 2023, Morgan Stanley upgraded their outlook for SoFi Technologies (NASDAQ:SOFI) from Underweight to Equal-Weight .
Analyst Price Forecast Suggests 47.95% Upside
As of October 5, 2023, the average one-year price target for SoFi Technologies is 10.27. The forecasts range from a low of 3.03 to a high of $16.80. The average price target represents an increase of 47.95% from its latest reported closing price of 6.94.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SoFi Technologies is 2,083MM, an increase of 9.27%. The projected annual non-GAAP EPS is -0.26.
What is the Fund Sentiment?
There are 710 funds or institutions reporting positions in SoFi Technologies. This is an increase of 17 owner(s) or 2.45% in the last quarter. Average portfolio weight of all funds dedicated to SOFI is 0.21%, an increase of 22.78%. Total shares owned by institutions increased in the last three months by 13.98% to 364,154K shares. 
The put/call ratio of SOFI is 0.67, indicating a bullish outlook.
What are Other Shareholders Doing?
Silver Lake Group, L.L.C. holds 31,154K shares representing 3.28% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 25,032K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 23,056K shares, representing an increase of 7.89%. The firm increased its portfolio allocation in SOFI by 37.63% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 20,646K shares representing 2.17% ownership of the company. In it's prior filing, the firm reported owning 19,554K shares, representing an increase of 5.29%. The firm increased its portfolio allocation in SOFI by 38.02% over the last quarter.
D. E. Shaw holds 15,538K shares representing 1.64% ownership of the company. In it's prior filing, the firm reported owning 3,944K shares, representing an increase of 74.62%. The firm increased its portfolio allocation in SOFI by 416.43% over the last quarter.
Two Sigma Advisers holds 13,487K shares representing 1.42% ownership of the company.
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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