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

SoFi Technologies (NASDAQ:SOFI) had its target price lifted by Wells Fargo & Company from $17.00 to $18.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages have also recently commented on SOFI. Loop Capital began coverage on shares of SoFi Technologies in a report on Tuesday, September 8th. They issued a “hold” rating and a $22.00 target price on the stock. Bank of America reiterated an “underperform” rating and set a $16.50 price target on shares of SoFi Technologies in a research note on Wednesday. Stonex Financia upgraded shares of SoFi Technologies to a “strong-buy” rating in a research note on Monday, October 12th. Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. Finally, Benchmark restated a “sector outperform” rating on shares of SoFi Technologies in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.23.

SoFi Technologies Trading Down 4.8%

SOFI opened at $16.76 on Wednesday. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.00 and a beta of 2.33. SoFi Technologies has a 52 week low of $13.86 and a 52 week high of $32.73. The business’s 50 day moving average is $16.58 and its two-hundred day moving average is $17.89. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings data 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 analysts’ expectations of $1.25 billion. SoFi Technologies had a return on equity of 6.89% and a net margin of 15.60%. The firm’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, research analysts predict that SoFi Technologies will post 0.61 EPS for the current year.

Insider Activity at SoFi Technologies

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the completion of the sale, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of SoFi Technologies stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $14.72, for a total value of $150,188.16. Following the completion of the transaction, the executive vice president owned 397,870 shares in the company, valued at $5,856,646.40. This trade represents a 2.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 50,316 shares of company stock valued at $852,605. 2.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On SoFi Technologies

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in SoFi Technologies in the 2nd quarter valued at $1,298,925,000. Bank of America Corp DE acquired a new stake in shares of SoFi Technologies in the 2nd quarter worth $163,808,000. Dimensional Fund Advisors LP lifted its stake in shares of SoFi Technologies by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock worth $144,539,000 after acquiring an additional 359,785 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SoFi Technologies in the 2nd quarter worth $93,937,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of SoFi Technologies by 2.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock valued at $90,348,000 after acquiring an additional 156,218 shares in the last quarter. 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: Strong earnings and raised outlook: SoFi reported its sixth consecutive earnings beat, with third-quarter revenue up 44% year over year to $1.37 billion and EPS of $0.18 versus the $0.17 consensus. Adjusted EBITDA reached a record $470 million, and management issued 2027 guidance above Wall Street expectations, including approximately $6.4 billion in revenue and $0.90 in EPS. SoFi Technologies: 2027 Growth Outlook Looks Underpriced
• Positive Sentiment: Improving profitability and funding economics: Expanding net interest margin, lower-cost deposits and growing fee-based businesses are strengthening SoFi’s earnings model. Analysts highlighted a 6.14% net interest margin, 17% capital ratio and favorable credit trends, including lower net charge-offs. SoFi’s $745 Million Advantage Is Hiding in Deposits
• Positive Sentiment: More bullish analyst views: Keefe, Bruyette & Woods raised its price target, while Wells Fargo forecast significant appreciation. One analyst estimated fair value of $23–$26, implying substantial upside from recent levels. SoFi Price Target Boost
• Positive Sentiment: Expansion beyond traditional lending: SoFi plans to process approximately $25 billion of card volume on stablecoin rails, while its app is adding embedded Prudential life-insurance products. These initiatives could diversify revenue and deepen member engagement. SoFi Stablecoin Card Payments
• Neutral Sentiment: Execution remains the key test: Commentators noted that previous post-earnings rallies faded, making the next several quarters important for proving that the 2027 targets are achievable. SoFi Execution Must Continue
• Negative Sentiment: Valuation and profit-taking pressure: Although forward valuation appears reasonable relative to projected EPS growth, SOFI remains a high-beta stock. Investors may be locking in gains after the earnings rally and questioning whether exceptional growth can continue, contributing to the stock’s decline despite favorable fundamentals.

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.