SoFi Technologies (NASDAQ:SOFI – Get Rating) had its price target lowered by Mizuho from $7.00 to $6.00 in a research report sent to investors on Wednesday morning, The Fly reports. The firm currently has a buy rating on the stock.
Several other equities analysts have also recently commented on SOFI. Credit Suisse Group increased their target price on SoFi Technologies from $8.00 to $8.50 and gave the company a neutral rating in a research note on Wednesday, August 3rd. Morgan Stanley reduced their target price on SoFi Technologies from $7.50 to $7.00 and set an equal weight rating for the company in a research note on Wednesday, November 2nd. Bank of America upgraded SoFi Technologies from a neutral rating to a buy rating and increased their target price for the company from $8.00 to $9.00 in a research note on Wednesday, September 14th. Seaport Res Ptn restated a neutral rating on shares of SoFi Technologies in a research note on Friday, September 9th. Finally, The Goldman Sachs Group reduced their price objective on SoFi Technologies from $8.50 to $7.50 and set a neutral rating on the stock in a research note on Wednesday, November 2nd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $10.85.
SoFi Technologies Stock Performance
SoFi Technologies stock opened at $4.66 on Wednesday. The stock has a market cap of $4.32 billion, a P/E ratio of -9.32 and a beta of 1.57. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $5.33 and a 200-day moving average of $6.06. SoFi Technologies has a 52 week low of $4.53 and a 52 week high of $18.69.
Institutional Investors Weigh In On SoFi Technologies
About SoFi Technologies
SoFi Technologies, Inc provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans.
- Get a free copy of the StockNews.com research report on SoFi Technologies (SOFI)
- Microsoft Shares: Is it Time to Back Up the Truck?
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Is the 60/40 Portfolio Mix Still in Vogue?
Receive News & Ratings for SoFi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SoFi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.