SoFi Technologies (NASDAQ:SOFI) Stock Jumps 3.6% on Analyst Upgrade

Key Points

• SoFi shares rose 3.6% to $17.38 after Truist raised its price target from $16 to $17, while keeping a Hold rating; trading volume was 14% below average.
• Analyst views remain mixed: MarketBeat reports a consensus Hold rating and a $21.27 average price target, based on one Strong Buy, ten Buys, ten Holds and three Sells.
• SoFi’s latest quarterly results beat estimates, with EPS of $0.18 and revenue of $1.37 billion, up 44.4% year over year.

SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report)'s stock price shot up 3.6% during mid-day trading on Wednesday 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 $17.74 and last traded at $17.38. Approximately 55,103,194 shares traded hands during trading, a decline of 14% from the average session volume of 63,786,328 shares. The stock had previously closed at $16.77.

Several other brokerages also recently issued reports on SOFI. Stonex Financia raised SoFi Technologies to a "strong-buy" rating in a research note on Monday, October 12th. Loop Capital began coverage on shares of SoFi Technologies in a research report on Tuesday, September 8th. They set a "hold" rating and a $22.00 price objective on the stock. Scotiabank reissued a "sector outperform" rating and issued a $26.00 target price (up from $25.00) on shares of SoFi Technologies in a report on Wednesday, October 28th. Monness Crespi & Hardt started coverage on shares of SoFi Technologies in a research report on Monday, October 26th. They set a "buy" rating and a $20.00 target price for the company. Finally, Keefe, Bruyette & Woods upped their target price on shares of SoFi Technologies from $15.00 to $16.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, SoFi Technologies has a consensus rating of "Hold" and a consensus target price of $21.27.

Insider Activity

In other SoFi Technologies news, CTO Jeremy Rishel sold 18,624 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $17.50, for a total transaction of $325,920.00. Following the sale, 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. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Kelli Keough sold 11,286 shares of SoFi Technologies 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 $6,415,956. The trade was a 3.07% 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 quarter, insiders sold 50,316 shares of company stock valued at $852,605. 2.50% of the stock is currently owned by company insiders.

Key SoFi Technologies News

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

• Positive Sentiment: Fintech shares advanced after Block reported a quarterly earnings beat and raised its outlook, lifting SoFi and PayPal as well. The peer-driven momentum may be supporting SOFI. Block Surges 16% on Earnings Beat and Raised Outlook; SoFi and PayPal Advance 4%
• Positive Sentiment: Recent coverage points to rapid customer growth, cross-selling of products and management’s raised 2026 guidance plus 2027 guidance as reasons to expect continued expansion. Is SoFi Stock a Buy in November 2026?
• Positive Sentiment: An updated valuation estimate edged up to $20.80 from $20.36 following SoFi’s strong third-quarter results and 2027 outlook, suggesting some analysts see further potential. SoFi Stock Fair Value Edges Higher After Strong Q3 and 2027 Guidance
• Neutral Sentiment: Truist raised its price target from $16 to $17 but maintained a “hold” rating; the target remains below the $17.38 price cited in the report, signaling limited upside under its assessment. Truist Raises SoFi Price Target

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC purchased a new position in SoFi Technologies in the 2nd quarter worth $34,000. Cornerstone Planning Group LLC grew its stake in shares of SoFi Technologies by 232.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,099 shares of the company's stock worth $34,000 after purchasing an additional 1,467 shares during the period. Markowski Investments purchased a new position in shares of SoFi Technologies during the 2nd quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of SoFi Technologies by 44.2% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 2,248 shares of the company's stock valued at $35,000 after purchasing an additional 689 shares in the last quarter. Finally, CX Institutional increased its holdings in shares of SoFi Technologies by 36.2% during the 2nd quarter. CX Institutional now owns 2,477 shares of the company's stock valued at $44,000 after purchasing an additional 658 shares in the last quarter. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74. The firm's 50 day moving average is $16.50 and its 200-day moving average is $17.79. The stock has a market capitalization of $22.45 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 1.04 and a beta of 2.25.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. SoFi Technologies had a net margin of 15.60% and a return on equity of 6.89%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm's quarterly revenue was up 44.4% compared to the same quarter last year. Analysts forecast that SoFi Technologies, Inc. will post 0.61 earnings per share for the current fiscal year.

About SoFi Technologies

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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