Truist Financial Issues Pessimistic Forecast for SoFi Technologies (NASDAQ:SOFI) Stock Price

24 Apr 2026, 11:54 by Doug Wharley · The Cerbat Gem

SoFi Technologies (NASDAQ:SOFI – Get Free Report) had its target price dropped by investment analysts at Truist Financial from $21.00 to $20.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective points to a potential upside of 8.42% from the stock’s previous close.

A number of other brokerages also recently commented on SOFI. UBS Group set a $24.50 target price on shares of SoFi Technologies in a report on Monday, February 2nd. Citizens Jmp raised shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research report on Monday, February 9th. Wells Fargo & Company reduced their price objective on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a research report on Thursday, January 22nd. Finally, Barclays lowered their target price on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.79.

View Our Latest Research Report on SoFi Technologies

SoFi Technologies Stock Up 0.7%

Shares of NASDAQ:SOFI traded up $0.13 on Friday, reaching $18.45. The company had a trading volume of 15,274,904 shares, compared to its average volume of 61,761,957. The firm has a market capitalization of $23.52 billion, a PE ratio of 48.57 and a beta of 2.24. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. SoFi Technologies has a 52-week low of $12.05 and a 52-week high of $32.73. The firm’s 50 day simple moving average is $17.80 and its 200-day simple moving average is $23.73.

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

Insiders Place Their Bets

In other news, CTO Jeremy Rishel sold 94,958 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total transaction of $1,655,117.94. Following the sale, the chief technology officer owned 839,640 shares in the company, valued at approximately $14,634,925.20. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Robert S. Lavet acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the acquisition, the general counsel owned 17,172 shares of the company’s stock, valued at approximately $361,298.88. This represents a 41.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 38,900 shares of company stock valued at $705,398 and have sold 218,422 shares valued at $4,105,468. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. IFM Investors Pty Ltd grew its holdings in shares of SoFi Technologies by 10.8% during the first 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 during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of 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 acquiring an additional 653 shares during the period. Pathway Financial Advisers LLC raised 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 worth $786,000 after acquiring an additional 1,677 shares during the last quarter. Intrua Financial LLC raised 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 worth $238,000 after acquiring an additional 3,925 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new stake in SoFi Technologies during the 1st quarter worth about $1,588,000. Institutional investors and hedge funds own 38.43% of the company’s stock.

SoFi Technologies News Roundup

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

Positive Sentiment: Launched a fully digital HELOC and formed a Real Estate Advisory Council to expand home-lending capabilities — this broadens loan and fee revenue potential and could increase member engagement. SoFi enters HELOC market amid home equity surge
Positive Sentiment: Added XRP deposit support (first nationally chartered U.S. bank to do so) alongside other crypto offerings — could boost transaction volumes and attract crypto-interested customers if execution is smooth. SoFi Expands HELOC And XRP Offerings As Valuation Premium Persists
Positive Sentiment: Longer-term bullish takes argue SoFi is still capturing share across lending, deposits and fintech products — a reminder some investors see current weakness as an opportunity. SoFi Stock Is Down 47% Right Now. Here’s What the Bears Are Missing.
Neutral Sentiment: Analysts collectively rate SOFI around “Hold” and have mixed price-target moves — consensus is neutral, so research changes may limit large directional flows until earnings. SoFi Given Average Rating of “Hold” by Analysts
Neutral Sentiment: Upcoming earnings preview and the recently posted Q2 2025 transcript are focal points — investors will watch revenue, margins on loan products, and crypto deposit metrics for a clearer near-term signal. SOFI Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
Neutral Sentiment: Macro: HELOC/home-equity borrowing conditions are improving (lower rates vs. a year ago), which supports SoFi’s new product rollouts but adoption timing is uncertain. HELOC and home equity loan rates today, April 24, 2026
Negative Sentiment: An EVP sold 9,742 shares under a Rule 10b5‑1 plan — routine but contributes to negative optics when paired with other headwinds. Kelli Keough Insider Sale
Negative Sentiment: Comparisons with peers (e.g., Palantir) highlight stronger AI-driven growth elsewhere, which may divert momentum and flows away from SoFi among growth-focused investors. PLTR vs. SOFI: Which High-Growth Tech Stock is the Better Buy Now?
Negative Sentiment: Early user reports on the XRP rollout cite limitations/”a catch,” raising execution/UX concerns that could dampen the crypto-related upside short term. XRP News: SoFi Just Added XRP for 13.7 Million Customers — But Users Say There’s a Catch

SoFi Technologies Company Profile

(Get Free Report)

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.