SoFi Stock Forecast 2022: SoFi is down 48% over the last year. A buying opportunity?




SoFi Stock Forecast 2022: Highlights

SoFi Stock Forecast 2022: SoFi Technologies Inc (Nasdaq: SOFI) shares are expected to trade between $8.7 and $9.9. The overall recommendation is Sell.

-The average 12-month target for SoFi is $15.

positive: Great business model, strong customer acquisition

nnegative: Pause in student loan repayments, increase in interest rates.

SoFi Stock Forecast 2022: Current Price

Metric

value

trend

share volume

39.79 million

Lower

Forward PE (1 year)

-26.58

SoFi Stock Forecast 2022: Analyst Target

SoFi Stock Forecast 2022: Performance Chart

inventory name

5 days

1 month

course of the year

+9.7%

-9.3%

-40.2%

SoFi Stock Forecast 2022: Technical Analysis

source

support

resistance

recommendation

$8.5 (S3)

$10.1 (R1)

Sell

$8.8 (S3)

$9.7 (R1)

Sell

SoFi Stock Forecast 2022: Google Trends

SoFi Stock Forecast 2022: Bull Case

  • SoFi Technologies has an innovative product line – SoFi Technologies was founded in 2011 with the primary intention of making student loans cheaper and providing consumers with an affordable, reliable and unforgettable experience. SoFi does it year after year and that’s what makes it stand out one of the best ways to take online loans across America.
  • SoFi is a leader in its field – While it’s true that there are many other companies trying to revolutionize the customer banking experience, SoFi technologies stand out from the crowd. It is evident by the fact that SoFi has 3.5 million users on its app while the others have only a few thousand users. More importantly, SoFi is growing at a rate of nearly 500,000 users per quarter.
  • Better than expected results for Q4 2021 -22 – SoFi reported fourth quarter results on March 1, 2022, beating market expectations on several fronts
    • EPS was -0.15 versus an estimated -0.16
    • The company reported fourth quarter EBIDTA of $5 million and annual EBIDTA of $30 million
    • Revenue has shown commendable growth to $303.81 million
    • The company added 523,000 new members quarterly, a sequential increase of 39%.
    • These results come despite the unexpected extension of the student loan moratorium in December.
  • Well positioned for future growth – America currently has 210 million adults. If you consider only 20% market share of SoFi Technologies by 2030, you come to around 42 million. With only 3.5 million users, the opportunities for growth are immense.

SoFi Stock Forecast 2022: Latest Video

SoFi Stock Forecast 2022: Bear Case

  • Bad Global Sentiment – Global equity markets have been in bear territory since late November. Over the past six months, SoFi is down 46%.
  • Stocks with high growth momentum lose their run If we look closely, in this bear market, those with the biggest losses are recent IPOs in partnership with SPACs. Growth stocks with high momentum are hit hardest in this bear market. Also, high-valued stocks that promise hope for the future are the first to lose gains in market corrections. All of these factors are also common in SoFi technologies. It was listed on the Nasdaq on the 4thth December 2020 at a market price of $10.41 per share in partnership with SPAC. Also, current inflation is at a decade-high, meaning money tomorrow may be cheaper than money today, and is driving investors to book gains in high-momentum stocks that have risen so rapidly over the past year are. It was similar at SoFi Technologies.

Also Read: SoFi Stock Forecast

SoFi Stock Forecast 2022: Comparison to Peers

parameter

SoFi Technologies Inc

credit acceptance company

Upstart Holdings Inc

OneMain Holdings Inc

SLM Corporation

market capitalization

8.9b

7.5B

10.6B

5.9b

5.2B

Price versus 52-week high

-61.6%

-26.8%

-68.6%

-24.3%

-14.6%

1 month return

-15.9%

-4.3%

-3.2%

-12.8%

-8.3%

YoY revenue growth

72.8%

82.9%

252.8%

33.0%

20.6%

EPS diluted (YoY)

-1.00

59.52

1.43

9.87

3.61

Net Operating Cash Flow

-1.4B

1.1b

168.4 million

2.3b

-49.5B

Data as of March 21, 2022, taking into account the key financial figures up to March 31, 2022St December 2021

.

SoFi Stock Forecast 2022: Is SoFi a Buy for 2022?

SoFi Technologies is taking every step imaginable to disrupt the physical banking market and so far has been successful with an ever-growing user base and rising revenue. SoFi also has an impressive team that includes CEO, former CFO at Twitter and head of global banking at Goldman Sachs, and the company has nearly 300 associates from Citi Group and JPMorgan. With the exception of the global scenario, everything seems to be fine with the company.

With ever-increasing inflation and looming uncertainties in the form of the Russia-Ukraine war, the upward trend for SoFi Technologies is not expected to start any time soon.

But if an investor looks at a five- to six-year horizon, SoFi can generate multibagger returns, especially after the most recent discount rate.

SoFi Stock Forecast 2022

– Vineet Agarwal

Note: Crowdwisdom360 collects predictions and data from across the web and has no internal view of the likely trends in the stocks or cryptocoins. Please consult a registered investment advisor for advice on your financial decisions.

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