SoFi Technologies (NASDAQ:SOFI) Upgraded at Benchmark

Key Points

• Benchmark upgraded SoFi Technologies to “strong buy,” though analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of $22.20.
• SoFi reported strong operating results, with quarterly revenue of $1.21 billion, up 42.5% year over year, and EPS of $0.12 versus the $0.11 consensus estimate.
• The stock opened at $15.24, well below its 12-month high of $32.73. Investors remain focused on whether SoFi’s rapid growth and reinvestment can translate into its ambitious 2026 profitability targets, while insiders have recently sold shares.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) was upgraded by Benchmark to a "strong-buy" rating in a research report issued to clients and investors on Monday, Zacks reports.

SOFI has been the topic of a number of other reports. The Goldman Sachs Group set a $15.00 target price on shares of SoFi Technologies in a research note on Tuesday. Keefe, Bruyette & Woods reissued an "underperform" rating on shares of SoFi Technologies in a report on Monday. TD Cowen lowered their price objective on shares of SoFi Technologies from $18.00 to $17.50 and set a "hold" rating for the company in a research report on Tuesday, October 6th. Mizuho lowered their target price on shares of SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating for the company in a report on Friday, July 31st. Finally, Weiss Ratings cut SoFi Technologies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and a consensus target price of $22.20.

SoFi Technologies Trading Up 0.1%

NASDAQ:SOFI opened at $15.24 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The firm has a market capitalization of $19.68 billion, a P/E ratio of 31.75, a P/E/G ratio of 1.27 and a beta of 2.33. SoFi Technologies has a 12-month low of $14.88 and a 12-month high of $32.73. The business has a 50 day simple moving average of $17.31 and a 200 day simple moving average of $17.14.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.08 EPS. The firm's revenue for the quarter was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. Equities research analysts predict that SoFi Technologies will post 0.60 EPS for the current year.

Insiders Place Their Bets

In other SoFi Technologies news, 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 sale, the chief technology officer owned 912,650 shares of the company's stock, valued at approximately $15,971,375. This represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 10,203 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $16.99, for a total value of $173,348.97. Following the completion of the transaction, the executive vice president owned 408,073 shares in the company, valued at approximately $6,933,160.27. This represents a 2.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 51,067 shares of company stock valued at $890,716 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of SoFi Technologies

A number of hedge funds have recently made changes to their positions in the stock. Sullivan Wood Capital Management LLC grew its position in SoFi Technologies by 10.6% in the 3rd quarter. Sullivan Wood Capital Management LLC now owns 276,995 shares of the company's stock worth $4,354,000 after purchasing an additional 26,600 shares during the period. Avior Wealth Management LLC grew its stake in SoFi Technologies by 104.8% during the third quarter. Avior Wealth Management LLC now owns 22,716 shares of the company's stock valued at $357,000 after acquiring an additional 11,626 shares in the last quarter. Wedmont Private Capital grew its holdings in SoFi Technologies by 9.9% during the 3rd quarter. Wedmont Private Capital now owns 27,680 shares of the company's stock valued at $432,000 after buying an additional 2,485 shares in the last quarter. WoodTrust Financial Corp raised its stake in SoFi Technologies by 100.0% during the third quarter. WoodTrust Financial Corp now owns 24,800 shares of the company's stock valued at $390,000 after purchasing an additional 12,400 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in SoFi Technologies by 46.0% in the third quarter. GAMMA Investing LLC now owns 20,736 shares of the company's stock worth $326,000 after acquiring an additional 6,534 shares in the last quarter. 38.43% of the stock is owned by institutional investors.

SoFi Technologies News Roundup

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

• Positive Sentiment: StoneX initiated coverage with a Buy rating, arguing that SoFi’s valuation has become attractive after the sharp decline. The firm sees approximately 64% upside, supported by stronger operating performance and the company’s expanding financial-services platform. SoFi has lost nearly half of its value in 2026. StoneX sees recovery ahead
• Positive Sentiment: Analysts highlighted SoFi’s strong second-quarter results, including $1.21 billion in revenue, roughly 42% year-over-year growth, record member and product additions, and increased full-year 2026 revenue guidance of $4.75 billion to $4.85 billion. One analyst believes heavy reinvestment, rather than weakening operations, is the primary reason for the stock’s underperformance. SoFi: Major Long-Term Growth Investments Make For Opportunity Today
• Positive Sentiment: SoFi is expanding internationally through crypto-linked cards in Mexico with Orbi and Mastercard and is exploring SoFiUSD transfers. These initiatives could increase cross-selling and support the company’s technology-solutions business as stablecoin usage grows. SoFi Technologies’ Crypto Push
• Neutral Sentiment: The key upcoming test is whether SoFi can convert rapid revenue growth into its ambitious 2026 adjusted EBITDA target. Analysts estimate the company may need incremental margins of roughly 52% to 62% in the second half, making the October 27 report an important catalyst.
• Negative Sentiment: SoFi recently declined more than the broader market, reflecting investor concerns that aggressive reinvestment is weighing on near-term earnings and capital returns. The stock’s high beta and retreat from its 12-month high also leave it vulnerable to continued volatility. SoFi Technologies Declines More Than Market

About SoFi Technologies

SoFi Technologies, Inc is a financial technology company that provides digital financial services through its SoFi platform. Founded in 2011 as a student-loan refinancing business, the company has expanded into a broader digital banking and personal-finance provider serving consumers primarily in the United States.

SoFi offers products including personal loans, student-loan refinancing, home loans, checking and savings accounts, credit cards, investment accounts, and financial-planning tools.

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