Is sofi a good price right now or shpuld i wait for it to fall more?

**SoFi's current price and future outlook suggest caution.** Here's why: 1. **Recent Performance and Analyst Ratings**: - SoFi's stock has recently rallied, with a 3.14% increase, closing at $10.4 on October 21, 2024. - Analysts have set an average 12-month target price of $8.60, which SoFi has surpassed, trading at $8.63. - The consensus rating is "Buy" with a "Strong Buy" rating from some analysts, but there are also "Sell" and "Strong Sell" ratings, indicating uncertainty. 2. **Technical Indicators**: - Technical indicators show mixed signals. The RSI is high at 80.47, suggesting that the stock may be overbought and prone to a pullback. - The stock is currently trading above its 5-Day, 10-Day, and 20-Day moving averages, which could be seen as a bullish sign. However, the 20-Day exponential moving average is $7.72, and the stock is trading at $7.95, indicating a potential for a pullback to the moving average. 3. **Fundamental Analysis**: - SoFi's financials show a net income of $17.4 million and a diluted EPS of $0.01 as of Q2 2024. - The company has a revenue growth rate of 20.2% and a net income growth rate of 136.6%, which are impressive figures. - However, the 3-year diluted EPS CAGR is -40%, and the 3-year net income CAGR is -21.17%, indicating a decline in earnings over the past three years. - The P/E ratio is negative at -49.59, which could be due to negative earnings in the recent past. 4. **Market Sentiment and Future Outlook**: - SoFi has benefited from an improving outlook for the consumer and lower interest rates. - However, the overall market sentiment is cautious, as evidenced by the mixed analyst ratings and the recent increase in interest rates affecting the stock's performance. - The stock's recent rally and the anticipation of further double-digit upside suggest that some investors may believe in a short-term opportunity, but this should be weighed against the stock's recent performance and the broader market conditions. In conclusion, while there are signs of growth and potential upside, the current price and the stock's recent performance suggest that waiting for a pullback or further consolidation might be prudent, especially given the mixed analyst ratings and the broader market sentiment. Investors should consider their risk tolerance and investment horizon when deciding whether to wait for a better entry point.