SoFi Technologies (NASDAQ:SOFI) Given New $17.00 Price Target at Wells Fargo & Company

SoFi Technologies (NASDAQ:SOFI) had its price objective cut by stock analysts at Wells Fargo & Company from $18.00 to $17.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 8.18% from the stock’s current price.

Several other equities analysts have also weighed in on SOFI. Stephens reduced their price objective on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Citigroup lowered their target price on SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $18.00 price target on shares of SoFi Technologies in a research note on Thursday, April 30th. Morgan Stanley set a $16.00 price objective on SoFi Technologies in a report on Thursday, April 30th. Finally, Mizuho set a $29.00 price objective on SoFi Technologies in a research note on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.72.

SoFi Technologies Stock Up 3.0%

SoFi Technologies stock opened at $15.71 on Thursday. SoFi Technologies has a twelve month low of $14.88 and a twelve month high of $32.73. The firm has a 50 day moving average price of $17.26 and a 200-day moving average price of $18.52. The company has a market capitalization of $20.16 billion, a P/E ratio of 35.74 and a beta of 2.14. The company has a quick ratio of 0.13, a current ratio of 0.75 and a debt-to-equity ratio of 0.17.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.11 billion. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. SoFi Technologies’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities analysts predict that SoFi Technologies will post 0.59 EPS for the current year.

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the completion of the transaction, the chief technology officer owned 895,089 shares of the company’s stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Anthony Noto purchased 15,545 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $248,720.00. Following the acquisition, the chief executive officer owned 11,946,619 shares of the company’s stock, valued at approximately $191,145,904. This trade represents a 0.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 135,256 shares of company stock worth $2,370,822. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in SoFi Technologies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock worth $2,906,061,000 after acquiring an additional 3,900,895 shares during the last quarter. North Dakota State Investment Board purchased a new position in shares of SoFi Technologies in the fourth quarter valued at about $1,044,000. Brighton Jones LLC boosted its holdings in shares of SoFi Technologies by 2.0% during the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company’s stock worth $11,077,000 after purchasing an additional 14,281 shares during the period. Friedenthal Financial purchased a new stake in shares of SoFi Technologies during the fourth quarter worth about $926,000. Finally, Alberta Investment Management Corp bought a new stake in shares of SoFi Technologies in the fourth quarter worth about $13,299,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies News Roundup

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

• Positive Sentiment: Second-quarter results beat expectations. SoFi reported $1.21 billion in revenue, up 42.5% year over year, and adjusted earnings of $0.12 per share versus the $0.11 consensus estimate. Record loan originations of $14.8 billion and 35% membership growth to 15.8 million demonstrate continued demand. SoFi second-quarter earnings report
• Positive Sentiment: Full-year revenue guidance was raised. SoFi now expects 2026 revenue of approximately $4.8 billion to $4.9 billion, above the roughly $4.7 billion analyst consensus. Management also highlighted record member and product additions, stable credit quality and increased cross-selling, with existing members accounting for 51% of new products. SoFi raises 2026 revenue forecast
• Positive Sentiment: Long-term growth investments remain intact. Management said artificial intelligence is improving engineering productivity and customer service while supporting SoFi’s broader financial-services ecosystem. Investors also purchased unusually large volumes of SOFI call options, indicating some traders remain positioned for a rebound. SoFi call option activity
• Neutral Sentiment: Brand expansion adds potential but limited immediate earnings impact. SoFi entered a multiyear partnership with Notre Dame Athletics as its official financial-services partner, including a jersey patch, scholarships and athlete financial education. The agreement may improve customer acquisition and brand awareness, but it also adds marketing costs. SoFi Notre Dame partnership
• Negative Sentiment: Unchanged profit guidance disappointed investors. Although revenue guidance increased, SoFi kept its 2026 earnings-per-share outlook at $0.60, only modestly above the $0.59 consensus. The combination suggested that higher growth spending, including investments in AI and customer expansion, may delay margin improvement.
• Negative Sentiment: Execution and macroeconomic concerns remain. Investors are questioning whether SoFi can convert rapid loan and member growth into sustained profitability amid elevated interest rates, uncertain rate policy, credit risk and a still-demanding valuation. A pre-arranged Rule 10b5-1 sale of 10,954 shares by EVP Kelli Keough added a minor sentiment overhang. SoFi insider selling

About SoFi Technologies

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.