SoFi Technologies (NASDAQ:SOFI) Raised to Strong-Buy at Benchmark

SoFi Technologies (NASDAQ:SOFI) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Several other brokerages have also commented on SOFI. Mizuho decreased their price target on SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Needham & Company LLC decreased their price objective on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Weiss Ratings lowered shares of SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. TD Cowen cut their price objective on shares of SoFi Technologies from $18.00 to $17.50 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Finally, Piper Sandler assumed coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They issued an “overweight” rating and a $22.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.20.

SoFi Technologies Price Performance

NASDAQ:SOFI opened at $15.24 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $17.31 and a two-hundred day moving average of $17.14. The firm has a market cap of $19.68 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 1.27 and a beta of 2.33. SoFi Technologies has a 12 month low of $14.88 and a 12 month high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last released its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.08 EPS. The business’s revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, analysts expect that SoFi Technologies will post 0.60 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Kelli Keough sold 11,286 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the transaction, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the firm’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $17.50, for a total value of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares in the company, valued at $15,971,375. This trade represents a 2.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 51,067 shares of company stock worth $890,716. Insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

A number of institutional investors have recently made changes to their positions in SOFI. Reflection Asset Management purchased a new position in shares of SoFi Technologies during the 4th quarter valued at $28,000. Cornerstone Planning Group LLC lifted its position in shares of SoFi Technologies by 232.1% in the first quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company’s stock worth $34,000 after buying an additional 1,467 shares in the last quarter. Compass Financial Management LLC bought a new stake in SoFi Technologies in the second quarter worth $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of SoFi Technologies by 44.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock valued at $35,000 after acquiring an additional 689 shares during the last quarter. Finally, SHP Wealth Management purchased a new stake in SoFi Technologies during the 4th quarter valued at $36,000. 38.43% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: StoneX initiated coverage with a Buy rating, arguing that SoFi’s valuation has become attractive after the sharp decline. The firm sees approximately 64% upside, supported by stronger operating performance and the company’s expanding financial-services platform. SoFi has lost nearly half of its value in 2026. StoneX sees recovery ahead
• Positive Sentiment: Analysts highlighted SoFi’s strong second-quarter results, including $1.21 billion in revenue, roughly 42% year-over-year growth, record member and product additions, and increased full-year 2026 revenue guidance of $4.75 billion to $4.85 billion. One analyst believes heavy reinvestment, rather than weakening operations, is the primary reason for the stock’s underperformance. SoFi: Major Long-Term Growth Investments Make For Opportunity Today
• Positive Sentiment: SoFi is expanding internationally through crypto-linked cards in Mexico with Orbi and Mastercard and is exploring SoFiUSD transfers. These initiatives could increase cross-selling and support the company’s technology-solutions business as stablecoin usage grows. SoFi Technologies’ Crypto Push
• Neutral Sentiment: The key upcoming test is whether SoFi can convert rapid revenue growth into its ambitious 2026 adjusted EBITDA target. Analysts estimate the company may need incremental margins of roughly 52% to 62% in the second half, making the October 27 report an important catalyst.
• Negative Sentiment: SoFi recently declined more than the broader market, reflecting investor concerns that aggressive reinvestment is weighing on near-term earnings and capital returns. The stock’s high beta and retreat from its 12-month high also leave it vulnerable to continued volatility. SoFi Technologies Declines More Than Market

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services through its SoFi platform. Founded in 2011 as a student-loan refinancing business, the company has expanded into a broader digital banking and personal-finance provider serving consumers primarily in the United States.

SoFi offers products including personal loans, student-loan refinancing, home loans, checking and savings accounts, credit cards, investment accounts, and financial-planning tools.