JP Morgan slashes price target on SoFi Technologies Inc. [SOFI] – find out why.

SoFi Technologies Inc. [NASDAQ: SOFI] price surged by 4.81 percent to reach at $0.26. The company report on January 10, 2023 that SoFi Report Reveals 85% of Investors Plan to Change How They Invest in 2023.

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Investors Reveal How They Managed Their Portfolios In 2022 And What Their Predictions Are For 2023.

Three out of four investors report regrets about how they invested in 2022, and 85% now plan to change how they invest in 2023 according to a new survey from SoFi (NASDAQ: SOFI), the digital personal finance company. The first-ever SoFi Investor Study surveyed 1,000 investors in the U.S. about how they managed their portfolios in 2022, their general sentiment about the market, and their predictions for 2023. In 2022, investors endured wild market volatility, rising interest rates and a crypto winter, and they’re facing more potential headwinds in 2023.

A sum of 31033412 shares traded at recent session while its average daily volume was at 43.36M shares. SoFi Technologies Inc. shares reached a high of $5.75 and dropped to a low of $5.4312 until finishing in the latest session at $5.67.

The one-year SOFI stock forecast points to a potential upside of 22.65. The average equity rating for SOFI stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on SoFi Technologies Inc. [SOFI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SOFI shares is $7.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SOFI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for SoFi Technologies Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 17, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price from $8 to $9. The new note on the price target was released on September 14, 2022, representing the official price target for SoFi Technologies Inc. stock. On May 16, 2022, analysts decreased their price target for SOFI shares from 12 to 10.

The Average True Range (ATR) for SoFi Technologies Inc. is set at 0.28, with the Price to Sales ratio for SOFI stock in the period of the last 12 months amounting to 8.95. The Price to Book ratio for the last quarter was 1.00, with the Price to Cash per share for the same quarter was set at 1.25.

SOFI Stock Performance Analysis:

SoFi Technologies Inc. [SOFI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.78. With this latest performance, SOFI shares gained by 27.99% in over the last four-week period, additionally sinking by -19.46% over the last 6 months – not to mention a drop of -58.64% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SOFI stock in for the last two-week period is set at 67.63, with the RSI for the last a single of trading hit 72.48, and the three-weeks RSI is set at 62.66 for SoFi Technologies Inc. [SOFI]. The present Moving Average for the last 50 days of trading for this stock 4.87, while it was recorded at 5.54 for the last single week of trading, and 5.92 for the last 200 days.

Insight into SoFi Technologies Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and SoFi Technologies Inc. [SOFI] shares currently have an operating margin of -34.79 and a Gross Margin at +41.65. SoFi Technologies Inc.’s Net Margin is presently recorded at -44.49.

Return on Equity for this stock declined to -12.49, with Return on Assets sitting at -5.46.

SoFi Technologies Inc. [SOFI] Insider Position Details

There are presently around $1,817 million, or 34.60% of SOFI stock, in the hands of institutional investors. The top three institutional holders of SOFI stocks are: VANGUARD GROUP INC with ownership of 66,808,733, which is approximately 7.822% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 31,679,161 shares of the stock with an approximate value of $179.62 million in SOFI stocks shares; and SILVER LAKE GROUP, L.L.C., currently with $176.64 million in SOFI stock with ownership of nearly 0% of the company’s market capitalization.

262 institutional holders increased their position in SoFi Technologies Inc. [NASDAQ:SOFI] by around 47,949,353 shares. Additionally, 162 investors decreased positions by around 127,225,330 shares, while 107 investors held positions by with 145,313,777 shares. The mentioned changes placed institutional holdings at 320,488,460 shares, according to the latest SEC report filing. SOFI stock had 78 new institutional investments in for a total of 13,211,040 shares, while 42 institutional investors sold positions of 100,227,948 shares during the same period.


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