Down over 40% in the past 6 months mostly thanks to industry headwinds, SOFI stock is still highly rated among analysts with an average one year price forecast of +47% and an average rating of a Strong Buy. But aside from these bullish analyst ratings, here’s why we think investors would be wise to consider adding SOFI to their portfolios:
| SOFI | |
| Share Price | $ 16.56 |
| Earnings Per Share | $ 0.39 |
| EPS (Forward 1yr) | $ 0.70 |
| Price to Earnings | 42.5 |
| EPS Growth | 79.5% |
| PEG | 0.5 |
They’ve beat all 4 of their last earnings calls and sport a 42 price to earnings with a forecasted EPS growth of almost 80%, giving them an incredible PEG ratio of just 0.5.
And with industry growth forecasts of 7.2% to 7.6% over the next few years, SOFI is already well positioned to take advantage of this and has already been seeing record levels of membership growth lately. Such a low PEG in an industry with decent growth is a very good sign and as such we have rated SOFI a Strong Buy with a 23% one year price projection. We rate SOFI Technologies stock as medium risk, high reward.
