SoFi Technologies (NASDAQ:SOFI) Price Target Lowered to $18.00 at TD Cowen

SoFi Technologies (NASDAQ:SOFI) had its target price trimmed by TD Cowen from $24.00 to $18.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Bank of America initiated coverage on shares of SoFi Technologies in a research note on Tuesday, January 6th. They issued an “underperform” rating and a $20.50 price objective for the company. Citizens Jmp upgraded 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 report on Monday, February 9th. Wells Fargo & Company lowered their price target on shares of SoFi Technologies from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded shares of SoFi Technologies from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Tuesday, February 3rd. Finally, Argus began coverage on SoFi Technologies in a research note on Wednesday, April 15th. They set a “hold” rating on the stock. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.61.

SoFi Technologies Stock Performance

Shares of NASDAQ SOFI opened at $16.10 on Thursday. The stock has a market cap of $20.53 billion, a price-to-earnings ratio of 36.59 and a beta of 2.24. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 0.17. SoFi Technologies has a 1-year low of $12.43 and a 1-year high of $32.73. The stock’s 50-day moving average is $17.59 and its 200 day moving average is $23.38.

SoFi Technologies (NASDAQ:SOFI) last issued its earnings results on Wednesday, April 29th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a return on equity of 6.63% and a net margin of 14.65%.The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $0.06 earnings per share. SoFi Technologies’s revenue for the quarter was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts anticipate that SoFi Technologies will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven J. Freiberg sold 94,225 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $20.31, for a total transaction of $1,913,709.75. Following the completion of the sale, the director directly owned 588,849 shares in the company, valued at $11,959,523.19. This represents a 13.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kelli Keough sold 9,755 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $18.87, for a total transaction of $184,076.85. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders bought 38,900 shares of company stock valued at $705,398 and sold 218,422 shares valued at $4,105,468. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of SoFi Technologies

Several large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. bought a new position in SoFi Technologies during the 4th quarter valued at approximately $25,000. Blue Trust Inc. grew its position 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 worth $26,000 after buying an additional 878 shares during the last quarter. Vermillion Wealth Management Inc. increased its stake in shares of SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 739 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of SoFi Technologies during the fourth quarter valued at 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 owned by institutional investors.

Key SoFi Technologies News

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

• Positive Sentiment: Record Q1 operating results — revenue and profitability surged (revenue ~ $1.1B, net income doubled, member growth and $12.2B loan originations), which supports SoFi’s long‑term growth story. SoFi Q1 2026 earnings: Record revenue, profit doubles
• Positive Sentiment: Product/market expansion — SoFi launched “SoFi Big Business Banking,” integrating fiat and crypto banking for enterprise customers, a strategic move to broaden revenue streams. SoFi Tech (SOFI) Launches Big Business Banking to Integrate Fiat and Crypto Operations
• Positive Sentiment: Unusual options activity — heavy call buying (~752,830 calls) suggests speculative bullish interest or hedging by sophisticated investors. (May add near‑term upside momentum.)
• Neutral Sentiment: Corporate housekeeping — SoFi scheduled its 2026 virtual annual meeting for June 17 (normal cadence; governance item). SoFi Schedules 2026 Annual Meeting of Stockholders
• Neutral Sentiment: Mixed analyst moves — Needham cut its price target but kept a buy rating, signaling conviction on the longer term even as near‑term assumptions were reset. Needham price target cut report
• Negative Sentiment: Cautious guidance pressured the stock — management left FY2026 revenue and near‑term guidance largely unchanged despite the strong quarter; Q2 revenue outlook was viewed as conservative, triggering the familiar “sell‑on‑beat” reaction. SoFi’s unchanged 2026 revenue forecast eclipses record first-quarter results
• Negative Sentiment: Technology Platform weakness — management flagged a drop in Technology Platform revenue after losing a major client, raising near‑term growth concerns for that higher‑margin segment. SoFi earnings meet expectations while its tech platform struggles
• Negative Sentiment: Legal/PR overhang — a law firm (Block & Leviton) announced an investigation into possible securities law violations, which can increase regulatory/legal risk and keep a discount on the multiple until resolved. SoFi Technologies, Inc. Investigated For Securities Fraud
• Negative Sentiment: Analyst trims and market skepticism — TD Cowen cut its price target to $18 and several outlets noted a recurring sell‑on‑beat pattern that may keep volatility high. TD Cowen price target reduction

SoFi Technologies Company Profile

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.