SoFi Technologies (NASDAQ:SOFI) Stock Price Target Raised at Wells Fargo & Company

Key Points

• Wells Fargo raised SoFi’s price target from $17 to $18 while maintaining an “equal weight” rating, implying about 9.76% upside. Overall analyst sentiment remains mixed, with a consensus “Hold” rating and average target of $21.10.
• SoFi reported better-than-expected quarterly results: EPS came in at $0.18 versus the $0.17 estimate, revenue reached $1.37 billion, and revenue grew 44.4% year over year.
• Investors face valuation and execution risks as the stock trades at a P/E ratio above 34. Analysts are monitoring credit performance, fraud losses, interest rates and whether membership growth converts into sustainable revenue and profitability.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) had its target price boosted by research analysts at Wells Fargo & Company from $17.00 to $18.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 9.76% from the stock's current price.

A number of other research firms have also commented on SOFI. Piper Sandler assumed coverage on SoFi Technologies in a research report on Monday, August 17th. They issued an "overweight" rating and a $22.00 price target on the stock. Benchmark reaffirmed a "sector outperform" rating on shares of SoFi Technologies in a research report on Wednesday. Bank of America restated an "underperform" rating and issued a $16.50 price objective on shares of SoFi Technologies in a research note on Wednesday. Mizuho decreased their target price on shares of SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Finally, Truist Financial reduced their target price on shares of SoFi Technologies from $19.00 to $16.00 and set a "hold" rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $21.10.

SoFi Technologies Stock Up 13.4%

NASDAQ:SOFI opened at $16.40 on Wednesday. SoFi Technologies has a twelve month low of $13.86 and a twelve month high of $32.73. The firm has a market capitalization of $21.18 billion, a price-to-earnings ratio of 34.17 and a beta of 2.33. The stock's 50 day moving average price is $16.63 and its two-hundred day moving average price is $18.04.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its earnings results on Tuesday, October 27th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the company posted $0.11 EPS. SoFi Technologies's revenue for the quarter was up 44.4% compared to the same quarter last year. As a group, analysts anticipate that SoFi Technologies will post 0.60 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Kelli Keough sold 11,286 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the transaction, the executive vice president directly owned 356,442 shares of the company's stock, valued at approximately $6,415,956. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 18,624 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief technology officer directly owned 912,650 shares of the company's stock, valued at $15,971,375. The trade was a 2.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 50,316 shares of company stock valued at $852,605. 2.50% of the stock is owned by company insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in SoFi Technologies in the 2nd quarter valued at about $1,298,925,000. Bank of America Corp DE purchased a new stake in SoFi Technologies in the 2nd quarter valued at about $163,808,000. Dimensional Fund Advisors LP raised its holdings in SoFi Technologies by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company's stock valued at $144,539,000 after buying an additional 359,785 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in SoFi Technologies by 2.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company's stock valued at $90,348,000 after buying an additional 156,218 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in SoFi Technologies during the second quarter worth about $93,937,000. Institutional investors and hedge funds own 38.43% of the company's stock.

Key Stories Impacting SoFi Technologies

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

• Positive Sentiment: Q3 beat expectations: SoFi reported adjusted earnings of $0.18 per share versus the $0.17 consensus estimate, while revenue reached approximately $1.37 billion to $1.39 billion, well above the $1.25 billion forecast. Revenue grew 44.4% year over year, and net income reached a record $241 million. SoFi Technologies Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Growth remained broad-based: Membership reached roughly 17 million, lending volume surged 71%, and record product adoption and cross-selling improved the member-to-product ratio. Management said the expanding product ecosystem should create operating leverage and support longer-term margins. SoFi's Q3 Smashes Bear Arguments
• Positive Sentiment: Higher guidance and 2027 forecast: SoFi raised 2026 adjusted net revenue guidance to approximately $5.04 billion and expects about $0.61 of adjusted EPS. It also projected approximately $6.4 billion of 2027 adjusted revenue and $0.90 of adjusted EPS, implying roughly 48% earnings growth. Management expects internally generated capital to fund 2027 expansion. SoFi Projects 2027 Revenue and EPS
• Positive Sentiment: Banking economics support profitability: Management highlighted SoFi’s deposit funding advantage and a 6.14% net interest margin, while CEO Anthony Noto said fraud and risk-management technology could become an additional growth pillar as artificial intelligence and blockchain reshape financial services.
• Neutral Sentiment: Analyst coverage is mixed: Monness Crespi & Hardt initiated coverage with a Buy rating and a $20 target, but Keefe, Bruyette & Woods raised its target only to $16 while retaining an Underperform rating. Keefe, Bruyette & Woods SoFi Rating
• Negative Sentiment: Investors still face execution and valuation risks: The stock trades at a P/E ratio above 34, and analysts are watching whether rapid member growth translates into sufficient revenue per product. Credit performance, fraud losses, interest-rate changes and the sustainability of lending demand could determine whether the elevated growth expectations are met.

SoFi Technologies Company Profile

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.

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