SoFi Technologies (NASDAQ:SOFI) Stock Jumps 1% After Analyst Upgrade

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) shot up 1% during mid-day trading on Tuesday after Truist Financial raised their price target on the stock from $16.00 to $17.00. Truist Financial currently has a hold rating on the stock. SoFi Technologies traded as high as $16.85 and last traded at $16.77. 48,496,558 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 63,829,832 shares. The stock had previously closed at $16.60.

Several other research firms have also recently weighed in on SOFI. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 price objective on shares of SoFi Technologies in a research report on Wednesday, October 28th. Benchmark reissued a “sector outperform” rating on shares of SoFi Technologies in a research report on Wednesday, October 28th. Weiss Ratings raised SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. UBS Group raised their target price on SoFi Technologies from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, October 29th. Finally, Scotiabank restated a “sector outperform” rating and set a $26.00 price target (up from $25.00) on shares of SoFi Technologies in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, SoFi Technologies has a consensus rating of “Hold” and an average target price of $21.27.

Insider Transactions at SoFi Technologies

In other SoFi Technologies news, EVP Kelli Keough sold 11,286 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president owned 356,442 shares in the company, valued at approximately $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on Monday, September 21st. The shares were sold at an average price of $17.50, for a total transaction of $325,920.00. Following the transaction, the chief technology officer directly owned 912,650 shares of the company’s stock, valued at $15,971,375. This represents a 2.00% decrease in their position. 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 three months, insiders have sold 50,316 shares of company stock valued at $852,605. 2.50% of the stock is currently owned by corporate insiders.

Key SoFi Technologies News

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

• Positive Sentiment: Management raised its 2026 outlook and provided 2027 guidance, including a forecast of $0.90 in earnings per share. That outlook, alongside strong Q3 results and rapid customer additions, supports expectations for continued growth. Is SoFi Stock a Buy in November 2026?
• Positive Sentiment: SoFi reportedly added a record 1.2 million members last quarter and is cross-selling more products. Analysts also nudged one fair-value estimate higher, from $20.36 to $20.80, following Q3 results and the 2027 outlook. SoFi Added a Record 1.2 Million Members Last Quarter SoFi Stock Fair Value Edges Higher
• Neutral Sentiment: Truist raised its price target from $16 to $17 but kept a “hold” rating, suggesting a cautious view of near-term upside. Broader price targets vary, reflecting differing opinions on how much growth is already priced into SOFI. Truist raises SoFi price target

Institutional Trading of SoFi Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Compass Financial Management LLC purchased a new position in SoFi Technologies during the second quarter valued at $34,000. Cornerstone Planning Group LLC grew its stake 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 acquiring an additional 1,467 shares during the last quarter. Markowski Investments purchased a new stake in shares of SoFi Technologies in the second quarter worth $38,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of SoFi Technologies by 44.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company’s stock worth $35,000 after acquiring an additional 689 shares during the last quarter. Finally, CX Institutional increased its holdings in shares of SoFi Technologies by 36.2% during the second quarter. CX Institutional now owns 2,477 shares of the company’s stock valued at $44,000 after acquiring an additional 658 shares in the last quarter. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Price Performance

The firm has a fifty day moving average price of $16.53 and a two-hundred day moving average price of $17.84. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $21.66 billion, a P/E ratio of 30.49, a P/E/G ratio of 0.99 and a beta of 2.33.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.89%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted $0.11 EPS. SoFi Technologies’s revenue for the quarter was up 44.4% on a year-over-year basis. On average, analysts expect that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

About SoFi Technologies

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.