SoFi Technologies (NASDAQ:SOFI) Upgraded to Strong-Buy at Benchmark

Benchmark upgraded shares of SoFi Technologies (NASDAQ:SOFI) to a strong-buy rating in a research report released on Monday morning,Zacks reports.

A number of other equities research analysts have also weighed in on SOFI. Piper Sandler assumed coverage on shares of SoFi Technologies in a report on Monday, August 17th. They issued an “overweight” rating and a $22.00 price objective on the stock. Scotiabank started coverage on shares of SoFi Technologies in a research note on Wednesday, September 2nd. They set a “sector outperform” rating and a $25.00 target price for the company. Wells Fargo & Company lowered their target price on shares of SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Weiss Ratings lowered SoFi Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Finally, Loop Capital started coverage on SoFi Technologies in a research note on Tuesday, September 8th. They issued a “hold” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.20.

SoFi Technologies Stock Up 0.1%

SOFI stock opened at $15.24 on Monday. The company’s 50 day moving average price is $17.31 and its 200 day moving average price is $17.14. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 1.27 and a beta of 2.33. SoFi Technologies has a fifty-two week low of $14.88 and a fifty-two week high of $32.73. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.10 and a current ratio of 0.74.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a net margin of 14.78% and a return on equity of 6.22%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The firm’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. On average, equities research analysts anticipate that SoFi Technologies will post 0.60 EPS for the current fiscal year.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 10,203 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $16.99, for a total transaction of $173,348.97. Following the sale, the executive vice president owned 408,073 shares of the company’s stock, valued at approximately $6,933,160.27. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 sale, the chief technology officer owned 912,650 shares of the company’s stock, valued at $15,971,375. This 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. In the last three months, insiders have sold 51,067 shares of company stock worth $890,716. 2.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SoFi Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in SoFi Technologies in the 2nd quarter valued at about $1,298,925,000. Bank of America Corp DE purchased a new stake in SoFi Technologies during the 2nd quarter valued at approximately $163,808,000. Dimensional Fund Advisors LP lifted its position in SoFi Technologies by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,106,532 shares of the company’s stock worth $144,539,000 after acquiring an additional 359,785 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in SoFi Technologies by 2.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,689,426 shares of the company’s stock worth $90,348,000 after acquiring an additional 156,218 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in SoFi Technologies during the 2nd quarter worth approximately $93,937,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: StoneX initiated coverage with a Buy rating, arguing that SoFi’s valuation has become attractive after the sharp decline. The firm sees approximately 64% upside, supported by stronger operating performance and the company’s expanding financial-services platform. SoFi has lost nearly half of its value in 2026. StoneX sees recovery ahead
• Positive Sentiment: Analysts highlighted SoFi’s strong second-quarter results, including $1.21 billion in revenue, roughly 42% year-over-year growth, record member and product additions, and increased full-year 2026 revenue guidance of $4.75 billion to $4.85 billion. One analyst believes heavy reinvestment, rather than weakening operations, is the primary reason for the stock’s underperformance. SoFi: Major Long-Term Growth Investments Make For Opportunity Today
• Positive Sentiment: SoFi is expanding internationally through crypto-linked cards in Mexico with Orbi and Mastercard and is exploring SoFiUSD transfers. These initiatives could increase cross-selling and support the company’s technology-solutions business as stablecoin usage grows. SoFi Technologies’ Crypto Push
• Neutral Sentiment: The key upcoming test is whether SoFi can convert rapid revenue growth into its ambitious 2026 adjusted EBITDA target. Analysts estimate the company may need incremental margins of roughly 52% to 62% in the second half, making the October 27 report an important catalyst.
• Negative Sentiment: SoFi recently declined more than the broader market, reflecting investor concerns that aggressive reinvestment is weighing on near-term earnings and capital returns. The stock’s high beta and retreat from its 12-month high also leave it vulnerable to continued volatility. SoFi Technologies Declines More Than Market

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services through its SoFi platform. Founded in 2011 as a student-loan refinancing business, the company has expanded into a broader digital banking and personal-finance provider serving consumers primarily in the United States.

SoFi offers products including personal loans, student-loan refinancing, home loans, checking and savings accounts, credit cards, investment accounts, and financial-planning tools.