SoFi Technologies (NASDAQ:SOFI) Shares Up 1% After Analyst Upgrade

by · The Markets Daily

SoFi Technologies, Inc. (NASDAQ:SOFI – Get Free Report)’s stock price shot up 1% during 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 were traded 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. TD Cowen upped their price target on shares of SoFi Technologies from $17.50 to $18.00 and gave the stock a “hold” rating in a report on Wednesday, October 28th. Wells Fargo & Company reissued a “negative” rating on shares of SoFi Technologies in a research note on Wednesday, October 28th. UBS Group boosted their target price on SoFi Technologies from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Loop Capital initiated coverage on SoFi Technologies in a research report on Tuesday, September 8th. They set a “hold” rating and a $22.00 target price for the company. Finally, Stonex Financia upgraded SoFi Technologies to a “strong-buy” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, SoFi Technologies currently has a consensus rating of “Hold” and a consensus target price of $21.27.

Check Out Our Latest Research Report on SoFi Technologies

Insider Buying and Selling

In other news, EVP Kelli Keough sold 11,286 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $18.00, for a total value of $203,148.00. Following the transaction, the executive vice president owned 356,442 shares of the company’s stock, valued at $6,415,956. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 sale, the chief technology officer owned 912,650 shares in the company, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 50,316 shares of company stock valued at $852,605. Corporate insiders own 2.50% of the company’s stock.

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 Investors Weigh In On SoFi Technologies

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in SoFi Technologies in the 2nd quarter worth approximately $1,298,925,000. Bank of America Corp DE purchased a new position in shares of SoFi Technologies during the second quarter valued at approximately $163,808,000. D.A. Davidson & CO. increased its stake in shares of SoFi Technologies by 22.2% during the first quarter. D.A. Davidson & CO. now owns 267,848 shares of the company’s stock valued at $4,253,000 after buying an additional 48,682 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of SoFi Technologies by 24.7% during the first quarter. Illinois Municipal Retirement Fund now owns 189,849 shares of the company’s stock valued at $3,015,000 after acquiring an additional 37,554 shares in the last quarter. Finally, Clare Market Investments LLC bought a new position in shares of SoFi Technologies during the first quarter valued at approximately $570,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Performance

The business has a fifty day moving average of $16.53 and a 200 day moving average of $17.84. The company has a market cap 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. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.25 billion. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.89%. The firm’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

SoFi Technologies Company Profile

(Get Free Report)

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.

Recommended Stories