SoFi Technologies (NASDAQ:SOFI) Price Target Raised to $18.00

SoFi Technologies (NASDAQ:SOFI) had its price target increased by Truist Financial from $17.00 to $18.00 in a report published on Friday, MarketBeat reports. Truist Financial currently has a hold rating on the stock.

Other analysts have also recently issued reports about the company. Argus assumed coverage on SoFi Technologies in a research report on Wednesday, April 15th. They set a “hold” rating on the stock. The Goldman Sachs Group increased their target price on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Morgan Stanley set a $16.00 target price on SoFi Technologies in a research note on Thursday, April 30th. UBS Group dropped their price target on SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price objective on SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.83.

SoFi Technologies Price Performance

Shares of SoFi Technologies stock opened at $16.46 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.13 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $17.21 and its two-hundred day simple moving average is $18.75. The company has a market cap of $21.11 billion, a P/E ratio of 37.41 and a beta of 2.14. 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 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. Research analysts anticipate that SoFi Technologies will post 0.59 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, CTO Jeremy Rishel sold 102,123 shares of the firm’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 $15,914,682.42. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, CEO Anthony Noto acquired 15,545 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average price of $16.00 per share, with a total value of $248,720.00. Following the purchase, the chief executive officer directly owned 11,946,619 shares of the company’s stock, valued at $191,145,904. The trade was a 0.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 124,302 shares of company stock valued at $2,182,523 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On SoFi Technologies

A number of hedge funds have recently bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new position in SoFi Technologies in the fourth quarter worth about $25,000. Vermillion Wealth Management Inc. increased its position in shares of SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 739 shares in the last quarter. Blue Trust Inc. raised its holdings in SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after acquiring an additional 878 shares during the last quarter. Reflection Asset Management purchased a new position in SoFi Technologies in the 4th quarter worth approximately $28,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in SoFi Technologies in the 4th quarter valued at approximately $29,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies News Summary

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

SoFi Technologies Company Profile

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.