Truist Financial Forecasts Strong Price Appreciation for SoFi Technologies (NASDAQ:SOFI) Stock

SoFi Technologies (NASDAQ:SOFI) had its target price raised by stock analysts at Truist Financial from $17.00 to $18.00 in a report released on Friday, Marketbeat.com reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 9.36% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Barclays dropped their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Wells Fargo & Company cut their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $18.00 target price on shares of SoFi Technologies in a report on Thursday, April 30th. Citigroup reduced their price objective on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, UBS Group reduced their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.83.

SoFi Technologies Stock Down 1.1%

Shares of NASDAQ:SOFI opened at $16.46 on Friday. The firm has a market cap of $21.11 billion, a P/E ratio of 37.41 and a beta of 2.14. The business has a fifty day simple moving average of $17.21 and a 200 day simple moving average of $18.82. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. SoFi Technologies has a 12-month low of $14.92 and a 12-month high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.06 earnings per share. The firm’s revenue was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Analysts predict that SoFi Technologies will post 0.59 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 10,954 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90. Following the completion of the sale, the executive vice president owned 378,682 shares of the company’s stock, valued at $6,570,132.70. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at approximately $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 124,302 shares of company stock worth $2,182,523. 2.50% of the stock is currently owned by insiders.

Institutional Trading of SoFi Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Annex Advisory Services LLC bought a new stake in shares of SoFi Technologies in the second quarter worth approximately $1,963,000. Fiduciary Financial Group LLC purchased a new position in shares of SoFi Technologies during the second quarter valued at approximately $315,000. Handelsbanken Fonder AB lifted its position in SoFi Technologies by 6.5% during the second quarter. Handelsbanken Fonder AB now owns 401,900 shares of the company’s stock valued at $7,206,000 after purchasing an additional 24,700 shares during the period. Wealthcare Advisory Partners LLC lifted its position in SoFi Technologies by 17.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 27,011 shares of the company’s stock valued at $484,000 after purchasing an additional 4,007 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in SoFi Technologies by 6.5% in the second quarter. Valeo Financial Advisors LLC now owns 36,716 shares of the company’s stock worth $658,000 after purchasing an additional 2,240 shares during the last quarter. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies News Roundup

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: Truist Financial raised its price target on SoFi to $18 from $17, signaling slightly improved confidence in the stock’s near-term value, even though the firm kept a Hold rating. Truist raises SoFi price target
• Positive Sentiment: SoFi is drawing attention for giving retail investors access to the highly anticipated SpaceX IPO, which could help reinforce the appeal of its investing platform and support user engagement. SoFi brings SpaceX IPO access
• Neutral Sentiment: New outlook pieces from Yahoo Finance and Zacks focus on Wall Street’s Q2 2026 estimates for SoFi’s revenue, earnings, and other key operating metrics, suggesting investors are waiting for the company to prove continued growth when results are reported. SoFi Q2 outlook article
• Neutral Sentiment: Another article compares SoFi with Coinbase as a high-growth investment, keeping the stock in the spotlight but offering no direct new fundamental catalyst. Coinbase vs. SoFi article
• Negative Sentiment: SoFi’s stock has also recently fallen more than the broader market, reflecting continued pressure on the shares as investors digest the company’s growth outlook and recent trading weakness. SoFi dips more than broader market

About SoFi Technologies

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.