Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for SoFi Technologies (NASDAQ:SOFI) Stock

SoFi Technologies (NASDAQ:SOFI) had its price objective boosted by equities research analysts at Keefe, Bruyette & Woods from $15.00 to $16.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Keefe, Bruyette & Woods‘s price target would indicate a potential downside of 2.44% from the stock’s current price.

Other research analysts have also issued reports about the company. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group set a $15.00 price target on SoFi Technologies in a research report on Tuesday, October 13th. Morgan Stanley dropped their price target on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, July 30th. Stonex Financia upgraded SoFi Technologies to a “strong-buy” rating in a research note on Monday, October 12th. Finally, TD Cowen cut their price objective on SoFi Technologies from $18.00 to $17.50 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.05.

SoFi Technologies Stock Up 13.4%

NASDAQ:SOFI opened at $16.40 on Wednesday. The company has a market cap of $21.18 billion, a P/E ratio of 34.17 and a beta of 2.33. SoFi Technologies has a fifty-two week low of $13.86 and a fifty-two week high of $32.73. The firm’s 50 day moving average is $16.63 and its two-hundred day moving average is $18.04.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 44.4% compared to the same quarter last year. Research analysts forecast that SoFi Technologies will post 0.60 earnings per share for the current fiscal year.

Insider Buying and Selling at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer owned 912,650 shares in the company, valued at $15,971,375. The trade was a 2.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of the company’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 completion of the sale, the executive vice president directly owned 356,442 shares of the company’s stock, valued at $6,415,956. The trade was a 3.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 50,316 shares of company stock worth $852,605 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On SoFi Technologies

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of SoFi Technologies during the 2nd quarter valued at about $1,298,925,000. Bank of America Corp DE acquired a new position in SoFi Technologies during the 2nd quarter worth approximately $163,808,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in SoFi Technologies in the 2nd quarter worth approximately $93,937,000. Bank of New York Mellon Corp purchased a new position in SoFi Technologies in the 2nd quarter worth approximately $72,531,000. Finally, Legal & General Group Plc purchased a new position in SoFi Technologies in the 2nd quarter worth approximately $64,706,000. Institutional investors and hedge funds 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: Q3 results exceeded expectations. SoFi reported adjusted earnings of $0.18 per share versus the $0.17 consensus estimate, while revenue reached approximately $1.37 billion to $1.39 billion, well above expectations of $1.25 billion. Revenue rose 44.4% year over year, and net income reportedly reached $241 million. SoFi Technologies Q3 earnings report
• Positive Sentiment: Management raised its 2026 outlook. SoFi now expects approximately $5.04 billion in adjusted net revenue and about $0.61 in adjusted earnings per share for 2026, citing strong demand for lending and continued member growth. SoFi lifts outlook
• Positive Sentiment: The 2027 targets were a major catalyst. SoFi projected roughly $6.4 billion in adjusted net revenue and $0.90 in adjusted EPS for 2027, implying approximately 48% earnings growth. Management also said organic capital generation should fund next year’s expansion without requiring additional capital. SoFi 2027 outlook
• Positive Sentiment: Growth metrics remained strong. Membership reportedly reached 17 million, lending increased sharply, and the company continues expanding products including crypto, tokenized deposits and financial technology services. CEO Anthony Noto said SoFi could quadruple products by 2030. Why SoFi stock increased
• Positive Sentiment: Analyst coverage added support. Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 price target, above the recent trading level. Monness Crespi SoFi rating
• Neutral Sentiment: Investors are likely to focus on whether SoFi can sustain rapid growth and improve revenue per product as its member base expands.
• Negative Sentiment: Management highlighted persistent fraud, cybersecurity and operational risks, while higher interest rates and the stock’s elevated valuation remain potential headwinds.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a digital financial services company that provides lending, banking, investing and other personal finance products through its online platform and mobile app. The company serves consumers primarily in the United States and aims to provide a centralized alternative to traditional financial institutions.

SoFi’s offerings include personal loans, student loan refinancing, home loans, checking and savings accounts, credit cards, investment products and financial education resources.