SoFi Technologies (SOFI) has had a difficult 2026, with the stock down nearly 40% year-to-date. The decline is mainly driven by concerns over slowing revenue growth, shrinking profit margins, and a more cautious outlook for the lending market. Looking ahead, Wall Street analysts remain cautious on SOFI, with the stock currently rated a Hold, even though it still implies 29.05% upside potential. Here’s what analysts are expecting next for the company.
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For context, SoFi Technologies is a digital financial services company offering banking, lending, and investment products through its mobile platform.
Latest Analysts’ Views on SOFI Stock
SoFi Technologies reported its Q1 2026 earnings in April, and following the update, several analysts lowered their price targets on the stock. This reflects a more cautious view on the company’s near-term growth outlook and overall market conditions.
Last month, Truist analyst Matthew Coad cut his price target to $17 from $20 and kept a Hold rating. He also lowered his Q2 revenue estimates, citing weaker expectations for the company’s loan platform and technology segments.
Citi’s Peter Christiansen, on the other hand, reduced his price target to $30 from $37 but maintained a Buy rating. While he still sees the Q1 results as strong, he pointed to valuation pressure in the lending technology space as the reason for the revision.
Meanwhile, Morgan Stanley’s analyst Jeffrey Adelson lowered his price target to $16 from $18 and kept a Sell rating. He also trimmed his earnings forecasts for 2026 and 2027, reflecting slightly weaker expectations for future profitability. The lower estimates reflect rising expenses as SoFi increases spending on marketing and other investments this year.
Who Are the Best Analysts Covering SOFI Stock?
Currently, Adelson is the most accurate analyst covering SOFI over the timeframe of three months. He has a 64% success rate. Meanwhile, Mizuho’s four-star-rated analyst Dan Dolev is considered the most accurate over the one- and two-year timeframes. On TipRanks, Dolev ranks #2,938 among more than 12,000 tracked analysts.
Dolev also reduced his price target on SOFI stock from $38 to $29, implying an upside of 80% from the current level. He also has a Buy rating on the stock. He described the Q1 earnings report as “solid,” noting that SoFi continued to show strong member growth. However, he still lowered his estimates for 2026 and 2027, reflecting a more cautious outlook for future performance.
Meanwhile, Dolev is also the most profitable analyst on SOFI stock over the timeframe of two years.
What Is the Price Target of SOFI Stock?
SOFI stock currently carries a Hold consensus rating on TipRanks, based on six Buys, 10 Holds, and three Sells. The average 12-month price target for SoFi is $20.69, implying upside of 29.05% from the current share price.
