The long-term predictions for SoFi Select 500 ETF (SFY) for the next 3 months are as follows:
- Green Day and Short-Term Trend: SFY has experienced a green day on Monday, July 8, 2024, with a price increase of 0.197% on the last trading day. The ETF has shown a consistent upward trend, with 7 out of the last 10 days ending in a rise.
- Buy Signals and Short-Term Trend: SFY holds buy signals from both short-term and long-term moving averages, indicating a positive forecast for the stock. The SoFi Select 500 ETF is expected to rise 13.78% during the next 3 months.
- Price Target and Analyst Ratings: The average price target for SFY over the next 12 months is $22.06, with a high forecast of $26.61 and a low forecast of $17.69. The average price target represents an 8.78% change from the last price of $20.28.
- Market Performance and Forecasts: SFY has shown strong performance in the past, with an average historical increase of 16.1% based on the past 5 years of stock performance. The ETF is expected to continue its upward trend, with a 90% probability of holding a price between $22.59 and $24.01 at the end of this 3-month period.
In conclusion, the long-term predictions for SFY over the next 3 months are positive, with expected growth and the potential for the stock to rise above its current price range. However, investors should consider these forecasts in conjunction with their own investment goals and risk tolerance, as past performance is not indicative of future results.
7/9/2024 10:21pm
