Wells Fargo & Company Begins Coverage on SoFi Technologies (NASDAQ:SOFI)

Investment analysts at Wells Fargo & Company assumed coverage on shares of SoFi Technologies (NASDAQ:SOFI) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm set an “equal weight” rating and a $19.00 price target on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.59% from the stock’s current price.

Several other brokerages have also recently weighed in on SOFI. Barclays lifted their price target on shares of SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of SoFi Technologies in a report on Thursday, January 22nd. Citizens Jmp upgraded SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, February 9th. Bank of America started coverage on SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price objective on the stock. Finally, JPMorgan Chase & Co. raised shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a report on Tuesday, February 3rd. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.91.

SoFi Technologies Trading Down 1.1%

Shares of NASDAQ:SOFI opened at $17.18 on Thursday. The stock’s 50-day simple moving average is $21.49 and its two-hundred day simple moving average is $25.48. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 45.21 and a beta of 2.20. SoFi Technologies has a 52-week low of $8.60 and a 52-week high of $32.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.18 and a current ratio of 0.78.

SoFi Technologies (NASDAQ:SOFI) last released its quarterly earnings results on Friday, January 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $984.75 million. SoFi Technologies had a net margin of 13.34% and a return on equity of 5.88%. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. Analysts expect that SoFi Technologies will post 0.26 EPS for the current year.

Insider Activity at SoFi Technologies

In related news, EVP Kelli Keough sold 9,755 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $18.87, for a total value of $184,076.85. Following the transaction, the executive vice president directly owned 293,725 shares of the company’s stock, valued at approximately $5,542,590.75. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Robert S. Lavet bought 5,000 shares of the stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $21.04 per share, for a total transaction of $105,200.00. Following the acquisition, the general counsel directly owned 17,172 shares of the company’s stock, valued at approximately $361,298.88. This represents a 41.08% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 38,900 shares of company stock worth $705,398 and have sold 217,874 shares worth $4,253,667. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its holdings in shares of SoFi Technologies by 2.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,016,199 shares of the company’s stock worth $26,604,000 after acquiring an additional 27,380 shares in the last quarter. World Investment Advisors increased its position in SoFi Technologies by 16.8% in the fourth quarter. World Investment Advisors now owns 36,813 shares of the company’s stock worth $964,000 after purchasing an additional 5,287 shares during the last quarter. Corient Private Wealth LLC raised its stake in SoFi Technologies by 25.3% during the fourth quarter. Corient Private Wealth LLC now owns 182,608 shares of the company’s stock valued at $4,781,000 after purchasing an additional 36,874 shares in the last quarter. Hsbc Holdings PLC lifted its position in SoFi Technologies by 14.8% during the fourth quarter. Hsbc Holdings PLC now owns 419,105 shares of the company’s stock valued at $10,992,000 after purchasing an additional 53,941 shares during the last quarter. Finally, Pure Financial Advisors LLC purchased a new position in shares of SoFi Technologies in the 4th quarter worth $315,000. Hedge funds and other institutional investors own 38.43% of the company’s stock.

SoFi Technologies News Summary

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

• Positive Sentiment: CEO Anthony Noto bought ~28,900 shares (~$500k) after the short‑seller attack, a visible insider vote of confidence that helped stabilize the share price. SoFi Calls Short Seller Report ‘Factually Inaccurate and Misleading,’ Stock Rises as CEO Noto Buys Shares
• Positive Sentiment: Third‑party recognition: SoFi Invest ranked #1 in JD Power’s 2026 U.S. Investor Satisfaction study for DIY investors — a branding and engagement win that supports fee revenue and member growth over time. SoFi Ranks #1 in JD Power 2026
• Neutral Sentiment: Fundamentals and outlook remain mixed: recent results showed revenue and EPS beats and FY guidance, but valuation (high P/E) and execution/credit risks are noted by analysts — supporting medium‑term upside but adding near‑term uncertainty. Assessing Whether SoFi Technologies (SOFI) Looks Overvalued After Recent Share Price Weakness
• Neutral Sentiment: Company narrative and strategy coverage (bank charter, SoFiUSD/Mastercard integration, cross‑sell) provide longer‑term catalysts but are not immediate fixes to the short‑report noise. Can SoFi Shares Thrive Through Maturity?
• Negative Sentiment: Muddy Waters’ short report accused SoFi of “financial engineering” and raised accounting/balance‑sheet questions; that allegation triggered selling and elevated regulatory/governance scrutiny. Short‑Seller Allegations
• Negative Sentiment: Analysts flagged follow‑up questions after the short report, extending downside pressure until forensic answers or regulatory reviews are provided. Analyst Flags ‘New Questions’ After Short Report
• Negative Sentiment: CTO Jeremy Rishel sold 94,958 shares (~$1.65M at ~$17.43), reducing his stake by ~10% — negative optics for investor sentiment despite management’s larger buy. CTO Sale SEC Filing
• Negative Sentiment: Broader market/credit moves (reports of lending restrictions at big banks) have pressured fintech/credit names, amplifying short‑term downside risk for SOFI. Private Credit Headwinds

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.