SoFi Technologies, Inc.

NASDAQ Global Select
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Somewhat Bullish +45

SoFi Could Be One of 2026’s Best Fintech Buys at Current Depressed Levels

📉 SoFi shares fell 34.57% year-to-date in 2026, trading at $17.13 despite record Q1 revenue of $1.10 billion and a 134.45% jump in GAAP net income.

🚀 Analysts project 2026 adjusted revenue of $4.655 billion with a medium-term target of 30%+ revenue CAGR through 2028.

💳 Loan originations reached a record $12.18 billion in Q1, while deposits swelled to $40.24 billion.

🪙 New growth catalysts include the SoFiUSD stablecoin with Mastercard settlement and crypto trading rollout.

🏦 Big Business Banking added $3.6 billion in new commitments last quarter, diversifying revenue streams.

⚠️ The Technology Platform segment fell 27% YoY after a major client departure, raising concerns about concentration risk.

📉 Enabled accounts decreased by 16% YoY, and net interest margin compressed by 63 basis points.

🛑 Personal loan charge-offs increased to 3.03%, signaling potential softening in credit metrics.

🎯 24/7 Wall St. sets a price target of $19.10 with a 'Buy' rating and 90% confidence level.

📊 The stock currently trades at a forward P/E of 29x, which bulls view as attractive relative to growth.

Bullish Signals
  • SoFi reported record Q1 2026 revenue of $1.10 billion, beating analyst estimates by 4.87%.
  • GAAP net income jumped 134.45% year-over-year to $166.73 million, demonstrating strong profitability growth.
  • Loan originations hit a record high of $12.18 billion, up 68% year-over-year, indicating a robust lending engine.
  • Deposits reached $40.24 billion, providing a stable funding base that funds over 90% of liabilities.
  • Management guidance projects 30%+ revenue CAGR and 38-42% adjusted EPS CAGR through 2028.
  • The SoFiUSD stablecoin partnership with Mastercard and crypto trading rollout offer new monetization avenues.
  • Big Business Banking added $3.6 billion in new commitments, diversifying the business beyond consumer lending.
  • Analysts believe the Y selloff has detached price from fundamentals, creating a buying opportunity at depressed levels.
Risk Factors
  • The Technology Platform segment declined 27% year-over-year following the departure of a large client.
  • Enabled accounts dropped 16% year-over-year, reflecting weakness in the technology services business.
  • Net interest margin compressed by 63 basis points, potentially impacting overall profitability margins.
  • Personal loan charge-offs ticked up to 3.03%, indicating softening credit quality and potential future losses.
  • Stock sentiment has swung sharply from bullish (72) to bearish (22) on Reddit in recent weeks.
  • Bears warn that further credit deterioration or loss of additional anchor clients could validate a lower price target.
Full Analysis
SoFi Technologies (NASDAQ:SOFI) has experienced a significant stock price decline in early 2026, dropping 34.57% year-to-date despite reporting record financial performance. The company's Q1 2026 revenue reached $1.10 billion, beating estimates by 4.87%, while GAAP net income surged 134.45% to $166.73 million. Loan originations hit a record $12.18 billion, and total deposits grew to $40.24 billion, indicating strong underlying business growth that analysts believe the current market price has not fully reflected. Analysts from 24/7 Wall St. maintain a 'Buy' rating with a high-confidence price target of $19.10, suggesting an 11.52% upside from recent levels. The bullish thesis relies on management's guidance for 2026 adjusted revenue of $4.655 billion (approx. 30% growth) and a medium-term framework projecting 30%+ revenue CAGR through 2028. Key catalysts include the rollout of SoFiUSD stablecoin with Mastercard settlement, crypto trading expansion, and new commitments in Big Business Banking totaling $3.6 billion last quarter. However, bearish concerns persist regarding specific segment weaknesses. The Technology Platform segment declined 27% year-over-year following a large client departure, and enabled accounts dropped 16%. Additionally, net interest margin compressed by 63 basis points, and personal loan charge-offs ticked up to 3.03%. Bulls argue these issues are temporary or strategic rather than structural, while bears warn that further credit deterioration or additional anchor client losses could validate a lower price target of $16.79.