SoFi Technologies (NASDAQ:SOFI) Rating Increased to Strong-Buy at Piper Sandler

Key Points

• Piper Sandler upgraded SoFi Technologies to a strong-buy/Overweight rating and set a $22 price target, citing the company’s high growth and product “flywheel.”
• SoFi reported quarterly EPS of $0.12 versus a $0.11 estimate, while revenue reached $1.21 billion, up 42.5% year over year and above expectations.
• Despite the bullish upgrade, Wall Street remains divided: the consensus rating is Hold with an average price target of $22.42, while shares trade at a relatively elevated P/E ratio of about 38.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) was upgraded by analysts at Piper Sandler to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Citigroup reduced their price target on shares of SoFi Technologies from $37.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, May 4th. Weiss Ratings raised shares of SoFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Stephens dropped their price objective on shares of SoFi Technologies from $26.00 to $25.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Truist Financial raised their target price on shares of SoFi Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, August 12th. Finally, Morgan Stanley decreased their target price on SoFi Technologies from $16.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, SoFi Technologies has a consensus rating of "Hold" and an average price target of $22.42.

SoFi Technologies Price Performance

Shares of NASDAQ SOFI opened at $18.31 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $23.65 billion, a price-to-earnings ratio of 38.15 and a beta of 2.17. SoFi Technologies has a twelve month low of $14.88 and a twelve month high of $32.73. The business has a 50 day simple moving average of $17.58 and a 200-day simple moving average of $17.76.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (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 firm had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the business posted $0.08 earnings per share. 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. As a group, equities research analysts expect that SoFi Technologies will post 0.6 earnings per share for the current year.

Insider Buying and Selling at SoFi Technologies

In related news, EVP Kelli Keough sold 10,954 shares of SoFi Technologies stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $17.19, for a total value of $188,299.26. Following the sale, the executive vice president directly owned 367,728 shares in the company, valued at $6,321,244.32. This trade represents a 2.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer directly owned 895,089 shares of the company's stock, valued at $15,914,682.42. The trade was a 10.24% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 135,256 shares of company stock valued at $2,370,822. Corporate insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On SoFi Technologies

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of SoFi Technologies by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company's stock valued at $2,906,061,000 after purchasing an additional 3,900,895 shares during the period. North Dakota State Investment Board acquired a new stake in SoFi Technologies in the fourth quarter worth about $1,044,000. Brighton Jones LLC lifted its holdings in SoFi Technologies by 2.0% in the fourth quarter. Brighton Jones LLC now owns 719,288 shares of the company's stock worth $11,077,000 after purchasing an additional 14,281 shares during the period. Alberta Investment Management Corp bought a new position in SoFi Technologies in the 4th quarter valued at about $13,299,000. Finally, Trek Financial LLC bought a new position in SoFi Technologies in the 4th quarter valued at about $3,865,000. Institutional investors and hedge funds own 38.43% of the company's stock.

Key SoFi Technologies News

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

• Positive Sentiment: Piper Sandler initiated coverage with an Overweight rating and a $22 price target, describing SoFi as a high-growth company with a powerful product “flywheel.” Analyst Patrick Moley said the fintech deserves a premium valuation relative to peers. The SoFi rebound has only just begun, says Piper Sandler
• Positive Sentiment: Coverage also highlighted SoFi’s growth profile and recent operating momentum, portraying the company as one of the stronger performers among personal-loan stocks following the second-quarter earnings season. Personal Loan Stocks Q2 Earnings: SoFi Best of the Bunch
• Positive Sentiment: Technical analysis identified a breakout from a bullish flag pattern. A sustained move above approximately $20.13 could signal the end of SoFi’s six-month consolidation and create room for a larger advance. SoFi Technologies Price Forecast: Breakout Could End Six-Month Consolidation
• Neutral Sentiment: The bullish view contrasts with a cautious and divided Wall Street backdrop. Investors will likely assess whether SoFi’s strong revenue growth and improving profitability justify its relatively elevated valuation, including a forward-looking P/E near 38.
• Neutral Sentiment: The technical breakout remains dependent on follow-through above resistance; failure to hold recent support could weaken the bullish setup. Struggling Fintech Stock Nabs New Bull Note

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.

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.

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