SoFi Stock Price Prediction 2023, 2024, 2025, 2030 & 2040

Welcome to another stock price prediction article which is about SoFi Stock Price Prediction for 2023, 2024, 2025, 2030, and 2040. In this article, our team has conducted a comprehensive analysis of SoFi stock from fundamental, technical, and market situation perspectives. Let’s start with our detailed overview, fundamental and technical analysis, and price prediction of SoFi Stock for upcoming years.

 Sofi Stock Price Prediction 2023 2025 2030 2040

Overview of SoFi Technologies Inc.

SoFi Technologies, Inc., traded as Nasdaq: SOFI, is a personal finance, software, and banking company. It is founded on 2011 August 11 by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady. It is headquartered in San Francisco, California, U.S. SoFi offers a variety of financial service which includes student loans, home loans, personal loans, credit cards, insurance, and checking & savings. Its services are available from both mobile app and desktop interfaces.

Symbol Nasdaq: SOFI
Name SoFi Technologies Incorporation
Founded August 2011
Founder Mike Cagney and Team
Headquarters San Francisco, California, U.S.
Business Student, Home, and Personal Loans; Credit Cards; Insurance; Checking & Savings
Current CEO Anthony Noto
Website https://www.sofi.com/

The main goal of SoFi is to help people get their money right. To achieve their goal, they have offered many banking, insurance, loan, and investing-related products. SoFi also offers more than 17 cryptocurrency trading like bitcoin, Ethereum, and litecoin.

Fundamental Analysis of SoFi

Before moving toward the price prediction for Sofi, it is necessary to understand the following financials:

Fundamental Indicators First Quarter Q1, 2023 First Quarter Q1, 2022
Total Revenue 607.71M 353.82M
Cost of Goods Sold -246.29M -183.04M
Gross Profit 361.42M 170.78M
Net Income -34.42M -110.36M
Total Assets 25.42B 12.25B
Liability 16.90B 6.72B
Book Value Per Share 5.57 5.69
Free Cash Flow 61.74M 13.57M

From the above table, gradual improvement has been seen regarding the performance of SoFi. Revenue generation has significantly increased in the 2023 first quarter; and, gross profit is climbed up by more than double in 2023 Q1 than that of in 2022 Q1. Hence, the company becomes able to reduce net loss from -110.36M to -34.42M.

Total assets have been doubled from 12.25B to 25.42B with a massive increment in liability from 6.72B to 16.90B which is something to be aware of. Remarkable raise is seen in free cash flow in Q1 2023 when compared with the corresponding quarter-end in 2022.

A fundamental Analysis of SoFi shows that this company is currently performing well and has good indications for better performance in the future.

Please Consider Following the Latest Financials of SoFi

Technical Analysis for SoFi Stock

The price chart is analyzed technically to facilitate Sofi stock price prediction for the future. The all-time high, low price, support level, and resistance areas are discussed here.

The technical chart of SoFi shows that, on February 1, 2021, the price of SoFi reached its ever-highest level which is $28.26 but according to the daily closing price $25.78 is the highest price ever.

Then it caught the downtrend up to the range of $14 to $15 during March 2021 to May 2021 and grow rapidly reaching 23.89 on June 8, 2021, but can’t break its previous high. It again went to break the previous high but started to fall after the $23-$24 range and broke the support level of $14-$15.

Technical Live Chart for Nasdaq: SOFI


Sofi Stock Price Prediction 2023, 2024 2025, 2030 & 2040

Based on fundamental & technical analysis, expert opinion, and market situation, share price of SoFi in 2023, 2024, 2025, 2030, and 2040 might be as follows:

Years SoFi Stock Price Prediction
2023 $8 to $12
2024 $11 to $18
2025 $16 to $30
2030 $50 to $75
2040 $100 to $140

Sofi Stock Price Prediction 2023

Although the company is still at a loss and struggling to earn positive Net Income, many experts have positive sentiments about its performance in the future. This optimism is supported by the fundamental analysis which shows year to year revenue growth of the company and gradually reduced net loss. Therefore, Sofi’s stock price would be between $8 and $12 in 2023.

Years SoFi Stock Price Prediction
2023 $8 to $12

SoFi Stock Price Prediction 2024

SoFi’s improving financial health is spreading positivity among investors. In 2024 SoFi possibly reach $18 if the market is bullish and $11 in bearish sentiment.

Years SoFi Stock Price Prediction
2024 $11 to $18

Sofi Stock Price Prediction 2025

After analyzing the fast growth of SoFi’s business, investors may be attracted to its share for the short run and long run. Moreover, this company is increasing its revenue year by year which is perceived as a good operating position from investors’ point of view.

Due to these perceptions and the probably bullish market situation ahead, Sofi Stock Price is predicted to be traded in the range of a minimum of $16 and a maximum of $30 in 2025. By the end of 2025, SoFi will break the strong resistance and all-time high price.

Years SoFi Stock Price Prediction
2025 $16 to $30

Sofi Stock Price Prediction 2030

Analysts are saying that SoFi can be considered the future of banking for the next generation. Its mobile application service is gradually being popular which will be much more popular in the seven-year journey. Thus, the Sofi stock price is expected to be climbed up to $70 where $50 will be the lower level.

Years SoFi Stock Price Prediction
2030 $50 to $70

Sofi Stock Price Prediction 2040

In a long-term perspective like in 2040, SoFi stock can be traded at most $140 with at least $100. This target can be achieved with the support of the company’s performance forecasted for the future. If the company surprised the investors with its impressive financial results, the price may raise even more.

Years SoFi Stock Price Prediction
2040 $100 to $140

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FAQs

Is SoFi a buy or a sell?

Buying SoFi Technologies Inc. will be a good decision because of its significant and gradual improvement in the financial statements in recent years than that of previous years.

What is the Sofi forecast for 2040?

SoFi is forecasted to cross $100 in 2040. It may reach up to $140 if the company grows its operation rapidly as forecasted and if there is a bullish scenario in the Nasdaq stock market.

Is Sofi stock expected to go up?

It can be said a strong Yes after analyzing its fundamental aspects and technical chart. SoFi Stock is expected to go up to $50 in 2030 and up to $100 in 2040.

Why is SoFi stock crashing?

From SoFi stock is crashing since 2021 November because the Supreme Court blocked President Joe Biden’s plan for student loan forgiveness. But such a panic crash stopped on 22 June 2022 and now started to rise gradually.

Conclusion and Disclaimer

We hope that SoFi stock Price Prediction for 2023, 2024, 2025, 2030, and 2040 helps you to understand its overview, financial health, technical perspectives, and its possible future prices. The share price of SoFi Technologies, Inc. is anticipated to grow up in the future based on its fundamental, technical, and market situation analysis. However, This prediction is not any recommendation for your investment decision. The stock market is a risky area so it is suggested to invest according to your won risk tolerance capacity.

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