SoFi Technologies, Inc. (SOFI): Solid Quarter, Softer Forecasts
Key takeaways
- (SOFI): Solid Quarter, Softer Forecasts Rameen Kasana Sat, May 23, 2026 at 9:51 PM GMT+7 2 min read SOFI So Fi Technologies, Inc.
- Previously, Dan Dolev from Mizuho cut the price target on SoFi Technologies, Inc.
- Overall, the company has an impressive quarterly revenue growth (YoY) of 42.50% and quarterly earnings growth (YoY) of 134.40%.
So Fi Technologies, Inc. (SOFI): Solid Quarter, Softer Forecasts Rameen Kasana Sat, May 23, 2026 at 9:51 PM GMT+7 2 min read SOFI So Fi Technologies, Inc. (NASDAQ:SOFI) is among the most traded US stocks so far in 2026. On May 12, Matthew Coad, an analyst at Truist, trimmed the price target on So Fi Technologies, Inc. (NASDAQ:SOFI) to $17 from $20 and maintained a Hold rating. This downward revision was attributed to lower Q2 revenue estimates due to sales assumptions and weaker expectations for the company’s technology platform segment.
Previously, Dan Dolev from Mizuho cut the price target on SoFi Technologies, Inc. (NASDAQ:SOFI) to $29 from $38 and maintained an Outperform rating. This follows the company’s Q1 report, which the firm views as “solid.” The company’s member growth “remained robust,” the firm said, while reducing estimates for this year and the next.
Overall, the company has an impressive quarterly revenue growth (YoY) of 42.50% and quarterly earnings growth (YoY) of 134.40%. Yet, it remains overvalued at its current P/E ratio (ttm) of 34.86. The company is a Buy for 31% of analysts, Neutral for 50%, and bearish for the remaining 19%. That said, SoFi Technologies, Inc. (NASDAQ:SOFI) is among the most traded US stocks so far in 2026.