Key Stats for SoFi Technologies Stock
- Current Price: $18.44
- Target Price (Mid): ~$43
- Street Target (Mean): ~$23
- Potential Total Return: ~132%
- Annualized IRR: ~20% / year
- Most Recent Earnings Reaction: -3.20% (January 30, 2026)
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What Happened?
SoFi Technologies (SOFI) has had a disorienting 2026. The stock peaked at $32.73 in late 2025 after its first-ever billion-dollar revenue quarter, then fell 52.96% to a closing low on March 30.
Bulls say the selloff was an overreaction to a contested short-seller report. Bears say a 31x forward earnings multiple on a consumer lender is hard to justify as credit metrics need watching and macro headwinds build.
The central question heading into April 29: Will Q1 earnings finally separate the business from the noise?
The most significant event of the past month was not a ratings change.
On April 2, SoFi launched Big Business Banking, an enterprise platform that lets companies hold deposits, make payments, and settle transactions 24/7 in traditional dollars or digital assets, all inside a single nationally chartered bank. The platform runs on SoFi’s Federal Reserve master account and uses the Solana blockchain for real-time settlement, with its own stablecoin, SoFiUSD, at the center. Early partners include Mastercard, Galaxy, BitGo, Wintermute, Fireblocks, and Cumberland.
The stock climbed roughly 5% in the sessions following the announcement before a fresh wave of analyst target cuts pulled it back.
“To be competitive, businesses today must operate in a global, always-on environment 24 hours a day, 7 days a week, while legacy banks typically still operate 9 to 5, Monday to Friday,” said Anthony Noto, Chief Executive Officer of SoFi Technologies.
“SoFi Big Business Banking is changing that by combining the strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility companies need to move and manage money or digital assets in real time.”
That quote reframes what SoFi is trying to become.
The market has valued SoFi primarily as a consumer lender, a segment that gets punished in credit downturns. Big Business Banking positions SoFi as a payments and settlement infrastructure, which commands structurally higher valuation multiples if enterprise adoption follows.
Whether the April 29 call delivers the first evidence of that pivot gaining traction will likely drive the stock’s next move.
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Is SoFi Technologies Undervalued Today?
At $18.44, SoFi trades at 31.2x next twelve months earnings. That premium is expensive relative to peers, and it requires a growth story that holds up. So far, SoFi has delivered one.
The company grew revenue 37.8% in 2025 and has compounded at a three-year revenue CAGR of 32.6%. Consensus estimates on TIKR put 2026 revenue at $4.65 billion, around 30% growth year-over-year.
The quality of that growth is also improving: fee-based revenue, the capital-light income from loan platform fees, brokerage, interchange, and crypto, hit a record $443 million in Q4 2025, up 53% year-over-year. Fee income does not require SoFi to hold credit risk, which makes it more resilient than net interest income when credit cycles turn.
That shift is what separates SoFi’s valuation from a standard consumer lender.
For context, Upstart Holdings trades at around 15x forward earnings and LendingClub at around 10x. SoFi’s premium reflects the market pricing in a platform and infrastructure story on top of the lending business. The question is whether Big Business Banking can justify that gap before credit concerns force a re-rating.
That credit risk is real and worth watching.
Personal loan charge-offs came in at 2.80% in Q4 2025, up 20 basis points sequentially from 2.60% in Q3. Management attributed the uptick to portfolio seasoning driven by higher Loan Platform Business activity rather than credit deterioration, and the rate remained down more than 50 basis points year-over-year. Still, TD Cowen, Keefe Bruyette, and Bank of America all cut price targets in April while explicitly citing consumer credit stress, and Q1 charge-off data on April 29 will be closely watched.
A separate layer of uncertainty comes from the accounting dispute. Muddy Waters Research published reports in March and April alleging that SoFi misaccounted a $312 million JPMorgan loan as a sale in Q3 2024 rather than a borrowing, and claimed a proper restatement could reverse approximately $1 billion of previously reported EBITDA and lower capital ratios.
SoFi called the report “factually inaccurate and misleading” and said it was considering legal action. Mizuho analyst Dan Dolev backed SoFi’s accounting treatment, citing the Q3 2024 earnings call where SoFi’s CFO confirmed the transaction as a secured loan sale at par and pointing to supporting disclosures in SoFi’s 10-K. CEO Anthony Noto purchased approximately $500,000 of SOFI stock after the first report dropped.
The stock declined roughly 1% on the second Muddy Waters report, suggesting the market has partially absorbed the risk without fully resolving it.
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TIKR Advanced Model Analysis
- Current Price: $18.44
- Target Price (Mid): ~$43
- Potential Total Return: ~132%
- Annualized IRR: ~20% / year
See analysts’ growth forecasts and price targets for SoFi Technologies stock (It’s free!) >>>
The TIKR mid-case uses a revenue CAGR of around 15% through December 31, 2030, and projects net income margins expanding to around 19%. Two revenue drivers support that: continued member growth and cross-sell within Financial Services, where fee-based products are compounding faster than Lending; and the Loan Platform Business, which generates fee income on loan originations that SoFi arranges but does not hold on its balance sheet.
The margin driver is operating leverage. SoFi built its infrastructure, the bank charter, the Galileo technology platform, and now the Big Business Banking rails, while running at a loss. Those fixed costs are now being spread across a rapidly growing revenue base. The downside is a retest of the $14 to $15 range if credit deteriorates and enterprise banking traction disappoints. The upside, if credit holds and Big Business Banking generates meaningful enterprise revenue by late 2026, is a path toward approximately $43 by December 31, 2030 that the current price does not reflect.
Conclusion
Watch the personal loan charge-off rate on April 29. Q4 2025 came in at 2.80%, up from 2.60% in Q3. If Q1 holds near that level or improves, the credit bear case weakens, and the 31x multiple becomes easier to defend. If charge-offs rise materially, the premium compresses regardless of what Big Business Banking eventually becomes.
At $18.44, SoFi is priced between two stories: a consumer lender exposed to a tightening credit cycle, and a regulated financial infrastructure platform at the beginning of its enterprise growth curve. April 29 will begin to determine which one the market is actually paying for.
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Should You Invest in SoFi Technologies?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up SoFi Technologies, and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track SoFi Technologies alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
