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

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SoFi Stock Predictions 2022: Highlights

SoFi Stock Predictions 2022: Shares of SoFi Technologies Inc (Nasdaq: SOFI) are expected to trade between $8.7 and $9.9. The general recommendation is To sell.

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

Good points: Excellent business model, customer acquisition is strong

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

SoFi Stock Predictions 2022: Latest Price

Metric

Assess

Tendency

Share Volume

39.79M

Lower

PE before (1 year)

-26.58

SoFi Stock Forecast 2022: Analyst Target

SoFi Stock Forecast 2022: Performance Chart

Action name

5 days

1 month

YTD

+9.7%

-9.3%

-40.2%

SoFi Stock Forecast 2022: Technical Analysis

Source

Support

Resistance

Recommendation

$8.5 (S3)

$10.1 (R1)

To sell

$8.8 (S3)

$9.7 (R1)

To sell

SoFi Stock Predictions 2022: Google Trends

SoFi 2022 Stock Forecast: Bull Case

  • SoFi Technologies has a range of innovative products – SoFi Technologies was founded in 2011 with the primary intention of making student loans cheaper and providing a cheap, reliable, and memorable experience for retail customers. SoFi does it year after year and this actually one of the best choices for getting loans online across America.
  • SoFi is the leader in its space – While it’s true that many other companies are trying to revolutionize the banking experience for customers, SoFi technologies stand out from the pack. This is evident by the fact that SoFi has 3.5 million users on its app, while the others only have a few thousand users. More importantly, SoFi is growing at a rate of almost 500,000 users per quarter.
  • Q4 2021-22 results better than expected – SoFi announced its fourth quarter results on March 1, 2022 and exceeded market expectations on several fronts
    • EPS came out at -0.15 vs. -0.16 estimated
    • The company reported fourth quarter EBIDTA of $5 million and annual EBIDTA of $30 million
    • Revenue showed commendable growth to $303.81 million
    • The company added 523,000 new members quarterly, representing a sequential increase of 39%.
    • These results are achieved despite the unexpected extension of the student loan moratorium in December.
  • Well positioned for future growth – Currently, America has 210 million adults. Considering just 20% market share of SoFi Technologies by 2030, that comes to around 42 million. With only 3.5 million users, the opportunities for growth are immense.

SoFi Stock Forecast 2022: Latest Video

SoFi 2022 Stock Forecast: Bearish Case

  • Global Bad Feelings – Global stock markets have been in bearish territory since the end of November. Over the past six months, SoFi is down 46%.
  • High Growth Momentum stocks lose their spree- If we look closely, in this bear market, the ones taking the most loss are the recent IPOs in partnership with SPACs. High-momentum growth stocks are the hardest hit in this bear market. In addition, stocks with high valuations carrying hope for the future are the first to lose their gains in market corrections. All of these factors are also common to SoFi Technologies. It was listed on Nasdaq on 4and December 2020 at market price of $10.41 per share in partnership with PSPC. In addition, current inflation has been at a multi-decade high level, which means that silver tomorrow could be cheaper than silver today and this is pushing investors to take profits on stocks with strong momentum. that have grown so rapidly over the past year. With SoFi Technologies, it has been the similar case.

Also Read: SoFi Stock Forecast

SoFi Stock Prediction 2022: Peer Comparison

Setting

SoFi Technologies Inc.

credit acceptance company

Upstart Holdings Inc.

OneMain Holdings Inc

SLM Company

Market capitalization

8.9B

7.5 billion

10.6B

5.9B

5.2B

Price vs 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%

Year-over-year revenue growth

72.8%

82.9%

252.8%

33.0%

20.6%

Diluted EPS (Annual)

-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 21.03.2022, considering financial data up to 31st December 2021

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

SoFi Technologies is taking every possible step to disrupt the physical banking market and has been successful so far with a steadily growing user base and revenue. SoFi also has an impressive team with a CEO who was a former CFO of Twitter and head of global banking at Goldman Sachs and the company has nearly 300 employees from Citi Group and JPMorgan. Everything seems to be going well for the company except the overall scenario.

With inflation still rising and uncertainties looming in the form of a war between Russia and Ukraine, an uptrend is unlikely to start anytime soon for SoFi Technologies.

But if an investor is looking at a five- to six-year horizon, SoFi can offer multibagger returns, especially after the recent rate cut.

SoFi Stock Forecast 2022

-Vineet Agarwal

Note: Crowdwisdom360 gathers forecasts and data from all over the net and has no internal views on likely stock or cryptocurrency trends. Please consult a registered investment advisor to guide you in your financial decisions.

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