SoFi Technologies Inc's stock fell by 9.10% today, crossing below the 5-day SMA, as broader market strength was observed with the Nasdaq-100 up 0.39% and the S&P 500 up 0.19%.
This decline occurs despite SoFi's impressive performance, having added 905,000 new customers in Q3, which represents a 30% year-over-year increase. The company also reported a 38% rise in adjusted net revenue, achieving sustainable profitability with adjusted earnings per share of $0.11, reflecting a notable improvement in its financial health. However, the stock's drop suggests sector rotation as investors may be reallocating their portfolios in response to broader market trends.
The implications of this movement indicate that while SoFi is experiencing significant growth and expanding its customer base, market dynamics are influencing investor sentiment, leading to a temporary decline in stock price despite the company's strong fundamentals.
Wall Street analysts forecast SOFI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOFI is 28.31 USD with a low forecast of 18.00 USD and a high forecast of 38.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast SOFI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOFI is 28.31 USD with a low forecast of 18.00 USD and a high forecast of 38.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
6 Hold
3 Sell
Hold
Current: 25.800
Low
18.00
Averages
28.31
High
38.00
Current: 25.800
Low
18.00
Averages
28.31
High
38.00
BofA
Mihir Bhatia
resumed
$20.50
2026-01-06
Reason
BofA
Mihir Bhatia
Price Target
$20.50
AI Analysis
2026-01-06
resumed
Reason
Shares of SoFi Technologies are moving lower after BofA analyst Mihir Bhatia resumed coverage of the stock with an Underperform rating and $20.50 price target. SoFi in midday trading is down 10%, or $2.81, to $26.47. The $1.5B capital raise in December is a "modest positive" as it provides "ammunition" to invest in continue growth, the analyst told investors in a research note. However, BofA believes the company's capital raises have led to more questions about the potential for acquisitions. Any deal is "likely to be smaller and more complementary than game changing," BofA contends. It sees limited share upside at the current SoFi's current valuation levels.
Goldman Sachs
Michael Ng
Neutral
downgrade
$27 -> $24
2026-01-06
Reason
Goldman Sachs
Michael Ng
Price Target
$27 -> $24
2026-01-06
downgrade
Neutral
Reason
Goldman Sachs analyst Michael Ng lowered the firm's price target on SoFi Technologies to $24 from $27 and keeps a Neutral rating on the shares.
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BofA
Underperform
maintain
$20.50
2026-01-06
Reason
BofA
Price Target
$20.50
2026-01-06
maintain
Underperform
Reason
BofA resumed coverage of SoFi Technologies with an Underperform rating and $20.50 price target. The firm, which reminds investors that SoFi raised $1.7B of capital in Q3 of 2025 through an equity offering, notes that SoFi completed its second capital raise of the year in December, issuing 54.5M shares for a total of $1.5B. While the analyst views the capital raise as a "modest positive" as it provides ammunition to power continued growth, the firm maintains an Underperform rating as it sees limited upside at the current multiple.
Barclays
Terry Ma
Equal Weight
maintain
$23 -> $28
2026-01-06
Reason
Barclays
Terry Ma
Price Target
$23 -> $28
2026-01-06
maintain
Equal Weight
Reason
Barclays analyst Terry Ma raised the firm's price target on SoFi Technologies to $28 from $23 and keeps an Equal Weight rating on the shares. The firm sees additional upside in select consumer finance name in 2026. A "benign' credit environment sets the stage for loan growth, the analyst tells investors in a research note. Barclays also forecasts a better mortgage origination market in 2026. The firm adjusted price targets as part of its 2026 outlook.
About SOFI
SoFi Technologies, Inc. is a member-centric, one-stop shop for digital financial services. The Company, through its lending and financial services products, allows members to borrow, save, spend, invest and protect their money. The Company's segments include Lending, Technology Platform and Financial Services. The Lending segment offers personal loans, student loans, home loans and related servicing to help its members with a variety of financial needs. Its platform supports the full transaction lifecycle, including credit application, underwriting, approval, funding and servicing. The Technology Platform segment provides services through a diversified suite of offerings which include an event and authorization platform accessed via application programming interfaces, a cloud-native digital and core banking platform and services related to both platforms. The Financial Services segment offers a suite of financial services solutions, including SoFi Money and SoFi Invest.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
