Truist Financial Lowers SoFi Technologies (NASDAQ:SOFI) Price Target to $20.00

Key Points

• Truist Financial cut its price target on SoFi from $21 to $20 and kept a Hold rating; several other firms have trimmed targets recently, leaving a consensus analyst rating of Hold and a $24.79 consensus target price.
• SoFi beat Q4 estimates (EPS $0.13 vs. $0.12; revenue $1.01B) and provided FY2026 guidance around 0.6 EPS while shares traded near $18.45, but significant insider selling and mixed analyst moves underscore uneven investor sentiment.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) had its price objective decreased by investment analysts at Truist Financial from $21.00 to $20.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective indicates a potential upside of 8.42% from the stock's previous close.

Several other equities research analysts also recently weighed in on SOFI. Citizens Jmp raised shares of SoFi Technologies from a "market perform" rating to an "outperform" rating and set a $30.00 target price on the stock in a research note on Monday, February 9th. Argus initiated coverage on shares of SoFi Technologies in a research note on Wednesday, April 15th. They set a "hold" rating for the company. The Goldman Sachs Group cut their price target on shares of SoFi Technologies from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Tuesday, April 14th. Barclays reduced their price objective on shares of SoFi Technologies from $28.00 to $18.00 and set an "equal weight" rating on the stock in a research report on Monday, April 6th. Finally, Keefe, Bruyette & Woods dropped their target price on SoFi Technologies from $20.00 to $17.00 and set an "underperform" rating for the company in a research report on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, SoFi Technologies presently has a consensus rating of "Hold" and a consensus target price of $24.79.

SoFi Technologies Trading Up 0.7%

Shares of SoFi Technologies stock traded up $0.13 on Friday, reaching $18.45. The company had a trading volume of 15,274,904 shares, compared to its average volume of 61,761,957. The firm has a market cap of $23.52 billion, a price-to-earnings ratio of 48.57 and a beta of 2.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.18. The firm's 50-day moving average price is $17.80 and its two-hundred day moving average price is $23.73. SoFi Technologies has a 1 year low of $12.05 and a 1 year high of $32.73.

SoFi Technologies (NASDAQ:SOFI - Get Free Report) last released its quarterly earnings results on Friday, January 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $984.75 million. SoFi Technologies had a return on equity of 5.88% and a net margin of 13.34%.SoFi Technologies's quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. As a group, research analysts predict that SoFi Technologies will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 9,755 shares of SoFi Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $18.87, for a total transaction of $184,076.85. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeremy Rishel sold 94,958 shares of the company's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $17.43, for a total value of $1,655,117.94. Following the completion of the sale, the chief technology officer owned 839,640 shares of the company's stock, valued at $14,634,925.20. This represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have purchased 38,900 shares of company stock valued at $705,398 and have sold 218,422 shares valued at $4,105,468. 2.60% of the stock is owned by company insiders.

Institutional Trading of SoFi Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new position in SoFi Technologies during the 4th quarter worth about $25,000. Blue Trust Inc. raised its holdings in shares of SoFi Technologies by 655.2% in the 4th quarter. Blue Trust Inc. now owns 1,012 shares of the company's stock valued at $26,000 after purchasing an additional 878 shares in the last quarter. Vermillion Wealth Management Inc. lifted its position in shares of SoFi Technologies by 283.1% in the 4th quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company's stock worth $26,000 after purchasing an additional 739 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of SoFi Technologies in the 4th quarter worth approximately $28,000. Finally, Reflection Asset Management bought a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $28,000. 38.43% of the stock is currently owned by institutional investors.

SoFi Technologies News Roundup

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

• Positive Sentiment: Launched a fully digital HELOC and formed a Real Estate Advisory Council to expand home-lending capabilities — this broadens loan and fee revenue potential and could increase member engagement. SoFi enters HELOC market amid home equity surge
• Positive Sentiment: Added XRP deposit support (first nationally chartered U.S. bank to do so) alongside other crypto offerings — could boost transaction volumes and attract crypto-interested customers if execution is smooth. SoFi Expands HELOC And XRP Offerings As Valuation Premium Persists
• Positive Sentiment: Longer-term bullish takes argue SoFi is still capturing share across lending, deposits and fintech products — a reminder some investors see current weakness as an opportunity. SoFi Stock Is Down 47% Right Now. Here's What the Bears Are Missing.
• Neutral Sentiment: Analysts collectively rate SOFI around "Hold" and have mixed price-target moves — consensus is neutral, so research changes may limit large directional flows until earnings. SoFi Given Average Rating of "Hold" by Analysts
• Neutral Sentiment: Upcoming earnings preview and the recently posted Q2 2025 transcript are focal points — investors will watch revenue, margins on loan products, and crypto deposit metrics for a clearer near-term signal. SOFI Earnings Expected to Grow: What to Know Ahead of Next Week's Release
• Neutral Sentiment: Macro: HELOC/home-equity borrowing conditions are improving (lower rates vs. a year ago), which supports SoFi’s new product rollouts but adoption timing is uncertain. HELOC and home equity loan rates today, April 24, 2026
• Negative Sentiment: An EVP sold 9,742 shares under a Rule 10b5‑1 plan — routine but contributes to negative optics when paired with other headwinds. Kelli Keough Insider Sale
• Negative Sentiment: Comparisons with peers (e.g., Palantir) highlight stronger AI-driven growth elsewhere, which may divert momentum and flows away from SoFi among growth-focused investors. PLTR vs. SOFI: Which High-Growth Tech Stock is the Better Buy Now?
• Negative Sentiment: Early user reports on the XRP rollout cite limitations/"a catch," raising execution/UX concerns that could dampen the crypto-related upside short term. XRP News: SoFi Just Added XRP for 13.7 Million Customers — But Users Say There’s a Catch

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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