TLDR
- SoFi stock rose about 1% Friday to $16.96 but remains down roughly 35% in 2026.
- Wall Street remains split, with Hold the consensus view across the analyst groups cited.
- Recent analyst targets range from $17 to $24, while broader consensus estimates sit above the current stock price.
- SoFi reported record second-quarter net revenue of $1.2 billion and $157 million in net income.
- Bank of America disclosed a new position worth about $163.8 million during the second quarter.
SoFi Technologies (SOFI) stock rose about 1.4% Friday, trading near $16.96 after closing Thursday at $16.73. The stock has fallen roughly 35% since the start of the year.
That decline has reopened the debate around SoFi’s valuation and business mix. Wall Street remains divided over whether its growth can offset concerns around lending exposure and higher interest rates.
The financial results themselves have remained strong. SoFi reported record second-quarter net revenue of about $1.2 billion and net income of $157 million.
Revenue increased 42.5% from a year earlier, according to MarketBeat. Adjusted earnings came in at $0.12 per unit, one cent above the consensus estimate.
Wall Street Remains Split on SOFI
Loop Capital analyst Reginald Smith started coverage earlier this month with a Hold rating and a $22 price target.
Smith expects SoFi to deliver low- to mid-20% compound annual growth in revenue and EBITDA during 2027 and 2028. His concern centers on higher rates and SoFi’s increasing dependence on its more capital-intensive lending operation.
William Blair analyst Andrew Jeffrey takes a different view. He recently reiterated a Buy rating and pointed to SoFi’s scale, member growth and position in consumer finance.
Piper Sandler has also taken a more positive stance, starting coverage with an Overweight rating and a $22 target.
Recent target changes show how wide the range of expectations remains. Wells Fargo cut its target to $17, while Needham lowered its target to $24 but kept a Buy rating.
Goldman Sachs raised its target from $17 to $21 while maintaining a Neutral rating. Mizuho reduced its target from $29 to $22 while keeping an Outperform rating.
MarketBeat’s broader analyst set lists nine Buy ratings, 11 Holds and three Sells. Its consensus target stands at $22.52, compared with SOFI trading below $17.
Strong Growth Meets Lending Concerns
SoFi’s lending mix remains one of the central issues for analysts. Lending can produce attractive returns, but it requires more capital and carries direct exposure to credit conditions.
Higher interest rates can also affect borrowing demand and funding costs. That is why some analysts remain cautious despite SoFi’s revenue growth.
Institutional activity has continued. Bank of America acquired about 9.14 million SOFI units during the second quarter, a position valued at roughly $163.8 million.
Institutional investors and hedge funds collectively owned about 38.4% of the company, according to MarketBeat.
SoFi has guided for fiscal 2026 EPS of $0.60. MarketBeat’s analyst group currently expects around $0.61 for the full year.
The stock’s next direction will likely depend on whether SoFi can maintain revenue growth while controlling credit risk and the capital demands of lending. The latest confirmed financial update remains its record second-quarter report released July 29.
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