SoFi Technologies (NASDAQ:SOFI) Stock Price Up 1.5% - What's Next?

Key Points

• SoFi shares rose 1.5% to $14.90 in mid-day trading, but trading volume was 48% below the average. The stock remains well below its 2025 peak and under its 50- and 200-day moving averages, highlighting ongoing technical weakness.
• Upcoming earnings are the main near-term catalyst and risk. Investors expect roughly $1.26 billion in revenue and year-over-year earnings growth, following the company’s prior revenue and EPS beat; however, weaker guidance or slowing growth could intensify selling pressure.
• SoFi is expanding its financial-services ecosystem through a Prudential term-life-insurance partnership, while Benchmark upgraded the stock to “Strong Buy.” Despite these positives, the broader analyst consensus remains “Hold,” with an average price target of $22.20.

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI - Get Free Report) shot up 1.5% during mid-day trading on Wednesday. The company traded as high as $15.11 and last traded at $14.90. 33,354,838 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 63,715,406 shares. The stock had previously closed at $14.68.

Trending Headlines about SoFi Technologies

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

• Positive Sentiment: Prudential partnership expands SoFi’s product offering. SoFi and Prudential Financial will make Prudential term life insurance available directly through the SoFi app to more than 15 million members. The agreement could increase customer engagement, create additional cross-selling opportunities and strengthen SoFi’s position as a full-service digital financial platform. It does not appear to include immediate financial guidance, so the near-term earnings impact is uncertain. SoFi and Prudential Financial Team up to Help Expand Access to Life Insurance for More Americans
• Positive Sentiment: Analyst upgrade supports the bullish case. Benchmark upgraded SoFi to “Strong Buy,” providing a favorable signal while the stock trades near its 52-week low. Benchmark upgrades SoFi Technologies stock to Strong Buy
• Positive Sentiment: Investors are positioning for potential earnings growth. Coverage ahead of next week’s report points to expectations for revenue of approximately $1.26 billion and year-over-year earnings growth. SoFi’s latest reported quarter also featured strong revenue growth and an earnings beat, raising hopes for another positive surprise. SoFi faces a $1.26 billion revenue test on Oct. 27
• Neutral Sentiment: Long-term growth expectations remain constructive but speculative. One analysis forecasts at least 50% stock appreciation by the end of 2030, citing continued double-digit growth despite operational and valuation concerns. This is an opinion-based projection rather than a company forecast. Prediction: SoFi Stock Gains at Least 50% by the End of 2030
• Negative Sentiment: Technical weakness remains a concern. SoFi recently reached a roughly 16-month low and remains about 55% below its 2025 peak. Analysts are watching whether support holds or whether the stock declines further before earnings. SoFi stock lands at a crucial support as earnings loom
• Negative Sentiment: The upcoming report creates event risk. Any miss against revenue or earnings expectations, weaker guidance, or evidence that growth is slowing could reinforce the recent selling pressure, particularly given SoFi’s elevated volatility and position below key moving averages.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SOFI shares. The Goldman Sachs Group set a $15.00 price target on shares of SoFi Technologies in a research note on Tuesday, October 13th. Scotiabank began coverage on shares of SoFi Technologies in a research report on Wednesday, September 2nd. They set a "sector outperform" rating and a $25.00 target price for the company. Mizuho decreased their price objective on SoFi Technologies from $29.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Loop Capital started coverage on SoFi Technologies in a report on Tuesday, September 8th. They issued a "hold" rating and a $22.00 price target on the stock. Finally, Piper Sandler started coverage on shares of SoFi Technologies in a report on Monday, August 17th. They set an "overweight" rating and a $22.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $22.20.

SoFi Technologies Price Performance

The stock has a market capitalization of $19.24 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 0.83 and a beta of 2.33. The stock's 50 day moving average price is $16.95 and its 200-day moving average price is $17.10. The company has a quick ratio of 0.10, a current ratio of 0.74 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.08 EPS. SoFi Technologies's quarterly revenue was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, equities analysts forecast that SoFi Technologies, Inc. will post 0.60 EPS for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 11,286 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the sale, the executive vice president owned 356,442 shares of the company's stock, valued at $6,415,956. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the chief technology officer owned 912,650 shares of the company's stock, valued at approximately $15,971,375. This trade represents a 2.00% decrease in their position. 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. Over the last three months, insiders sold 40,113 shares of company stock valued at $702,417. Corporate insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On SoFi Technologies

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of SoFi Technologies during the 2nd quarter worth approximately $1,298,925,000. Bank of America Corp DE acquired a new stake in SoFi Technologies in the 2nd quarter valued at $163,808,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of SoFi Technologies in the second quarter valued at about $93,937,000. Bank of New York Mellon Corp purchased a new stake in SoFi Technologies during the 2nd quarter worth approximately $72,531,000. Finally, Legal & General Group Plc purchased a new position in SoFi Technologies in the 2nd quarter valued at $64,706,000. 38.43% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.