Mizuho Securities analyst Dan Dolev maintained a Buy rating on SoFi Technologies (SOFI – Research Report) yesterday and set a price target of $17.00. The company’s shares closed last Wednesday at $13.12, close to its 52-week low of $11.83.
According to TipRanks.com, Dolev is a 3-star analyst with an average return of 2.7% and a 48.8% success rate. Dolev covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and Robinhood Markets.
Currently, the analyst consensus on SoFi Technologies is a Moderate Buy with an average price target of $20.80, implying a 58.3% upside from current levels. In a report issued on January 18, Wedbush also initiated coverage with a Buy rating on the stock with a $20.00 price target.
Based on SoFi Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $272 million and GAAP net loss of $30.05 million. In comparison, last year the company earned revenue of $115 million and had a net profit of $7.81 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SOFI in relation to earlier this year.
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