Truist Financial Has Lowered Expectations for SoFi Technologies (NASDAQ:SOFI) Stock Price

SoFi Technologies (NASDAQ:SOFI) had its target price decreased by Truist Financial from $21.00 to $20.00 in a research report issued on Friday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential upside of 8.46% from the stock’s previous close.

Several other research firms have also recently commented on SOFI. Bank of America started coverage on shares of SoFi Technologies in a research report on Tuesday, January 6th. They set an “underperform” rating and a $20.50 target price on the stock. Needham & Company LLC lowered their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Barclays lowered their price target on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Wells Fargo & Company lowered their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Thursday, April 9th. Finally, Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Monday, February 9th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.79.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $18.44 on Friday. SoFi Technologies has a fifty-two week low of $12.05 and a fifty-two week high of $32.73. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 48.53 and a beta of 2.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The firm’s 50-day simple moving average is $17.77 and its 200 day simple moving average is $23.64.

SoFi Technologies (NASDAQ:SOFI) last posted its earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $984.75 million. During the same quarter last year, the firm earned $0.05 EPS. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, research analysts anticipate that SoFi Technologies will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 94,958 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $17.43, for a total value of $1,655,117.94. Following the completion of the transaction, the chief technology officer directly owned 839,640 shares in the company, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Robert S. Lavet acquired 5,000 shares of SoFi Technologies stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average price of $21.04 per share, with a total value of $105,200.00. Following the completion of the purchase, the general counsel directly owned 17,172 shares in the company, valued at $361,298.88. This represents a 41.08% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 38,900 shares of company stock worth $705,398 and have sold 218,422 shares worth $4,105,468. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Keybank National Association OH grew its stake in SoFi Technologies by 96.6% in the 1st quarter. Keybank National Association OH now owns 22,410 shares of the company’s stock valued at $356,000 after buying an additional 11,012 shares in the last quarter. IFM Investors Pty Ltd grew its stake in SoFi Technologies by 10.8% in the 1st quarter. IFM Investors Pty Ltd now owns 246,093 shares of the company’s stock valued at $3,908,000 after buying an additional 24,054 shares in the last quarter. Mayflower Financial Advisors LLC grew its stake in SoFi Technologies by 2.3% in the 1st quarter. Mayflower Financial Advisors LLC now owns 29,202 shares of the company’s stock valued at $464,000 after buying an additional 653 shares in the last quarter. Pathway Financial Advisers LLC grew its stake in SoFi Technologies by 3.5% in the 1st quarter. Pathway Financial Advisers LLC now owns 49,525 shares of the company’s stock valued at $786,000 after buying an additional 1,677 shares in the last quarter. Finally, Intrua Financial LLC grew its stake in SoFi Technologies by 35.4% in the 1st quarter. Intrua Financial LLC now owns 14,997 shares of the company’s stock valued at $238,000 after buying an additional 3,925 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies News Summary

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

• Positive Sentiment: SoFi launched a fully digital HELOC product, formed a Real Estate Advisory Council and added XRP deposit support — moves that widen lending/deposit products and could boost fee and deposit growth if adoption scales. Read More.
• Positive Sentiment: Market commentary highlights that SoFi continues to capture share in digital lending/finance and that some long-term investors view current weakness as a buying opportunity, supporting episodic buying interest. Read More.
• Neutral Sentiment: Wall Street previews and Q1 outlook pieces signal expected top‑line and metric growth into the March quarter but stop short of a clear consensus beat — next week’s results and management guidance are the likely near‑term catalyst. Read More.
• Neutral Sentiment: Analyst coverage remains mixed: the consensus rating is still around “Hold” with a wide spread of price targets, so upgrades/downgrades or target revisions after earnings could swing sentiment. Read More.
• Negative Sentiment: Truist trimmed its price target to $20 and other firms (Goldman, KBW) have cut targets or lowered guidance — this analyst pullback is a headwind for sentiment and caps upside. Read More.
• Negative Sentiment: An EVP sold ~9,742 shares under a pre-arranged 10b5-1 plan; while planned sales are common, insider selling can add to short‑term pressure when combined with other negatives. Read More.
• Negative Sentiment: Comparisons favoring Palantir over SoFi on AI-driven growth and reporting that some users found limits to the XRP rollout could push rotational flows away from SOFI toward higher‑momentum tech names. Read More. Read More.

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.