Citigroup Has Lowered Expectations for SoFi Technologies (NASDAQ:SOFI) Stock Price

Key Points

• Citigroup cut its price target for SoFi from $37 to $30 but kept a buy rating, with the $30 target implying roughly an 84% upside from the prior close.
• Analyst coverage is mixed—7 Buy, 11 Hold and 3 Sell—resulting in an overall average rating of Hold and an average price target of $23.22.
• SoFi shares traded near $16.27; the company reported quarterly EPS of $0.12 (in line with estimates) and revenue up 42.6% year‑over‑year, and guided FY2026 EPS to about 0.60.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) had its target price decreased by research analysts at Citigroup from $37.00 to $30.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Citigroup's target price points to a potential upside of 84.45% from the company's previous close.

Several other research firms have also commented on SOFI. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $17.00 price target on shares of SoFi Technologies in a report on Thursday. Morgan Stanley set a $16.00 price target on shares of SoFi Technologies in a report on Thursday. Bank of America began coverage on shares of SoFi Technologies in a report on Tuesday, January 6th. They issued an "underperform" rating and a $20.50 price target for the company. Keefe, Bruyette & Woods reduced their target price on shares of SoFi Technologies from $20.00 to $17.00 and set an "underperform" rating for the company in a research note on Thursday, April 9th. Finally, UBS Group reduced their target price on shares of SoFi Technologies from $24.50 to $21.00 and set a "neutral" rating for the company in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $23.22.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI traded down $0.17 during midday trading on Monday, hitting $16.27. The company's stock had a trading volume of 36,341,922 shares, compared to its average volume of 63,913,414. SoFi Technologies has a 1-year low of $12.43 and a 1-year high of $32.73. The firm's fifty day moving average price is $17.59 and its 200-day moving average price is $23.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78. The firm has a market cap of $20.74 billion, a P/E ratio of 36.99 and a beta of 2.12.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.63%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business posted $0.06 EPS. The company's quarterly revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts forecast that SoFi Technologies will post 0.59 EPS for the current fiscal year.

Insider Activity

In other SoFi Technologies news, EVP Kelli Keough sold 9,755 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $18.87, for a total transaction of $184,076.85. Following the completion of the transaction, the executive vice president directly owned 293,725 shares of the company's stock, valued at $5,542,590.75. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Robert S. Lavet bought 5,000 shares of SoFi Technologies stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $21.04 per share, with a total value of $105,200.00. Following the completion of the purchase, the general counsel directly owned 17,172 shares in the company, valued at $361,298.88. This trade represents a 41.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 38,900 shares of company stock worth $705,398 and sold 218,422 shares worth $4,105,468. Company insiders own 2.60% of the company's stock.

Institutional Trading of SoFi Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in SOFI. Norges Bank bought a new stake in shares of SoFi Technologies during the 4th quarter worth about $321,515,000. Vanguard Group Inc. raised its position in shares of SoFi Technologies by 6.8% during the 3rd quarter. Vanguard Group Inc. now owns 107,102,212 shares of the company's stock worth $2,829,640,000 after buying an additional 6,814,727 shares in the last quarter. State Street Corp raised its position in shares of SoFi Technologies by 30.7% during the 3rd quarter. State Street Corp now owns 24,300,498 shares of the company's stock worth $642,019,000 after buying an additional 5,708,053 shares in the last quarter. Marshall Wace LLP raised its position in shares of SoFi Technologies by 372.9% during the 4th quarter. Marshall Wace LLP now owns 6,650,744 shares of the company's stock worth $174,116,000 after buying an additional 5,244,291 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of SoFi Technologies by 33.6% during the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company's stock worth $348,806,000 after buying an additional 3,350,258 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.

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.

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