SoFi Technologies (SOFI) stock has fallen 12.7% over the past week but is still up 3.0% in the last month and 28.7% over the past year. Wall Street’s analysts are neutral, with a Hold consensus and a 12‑month average price target of $21.87, implying upside from the last end-of-day price of $16.10.
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Analyst Kyle Peterson of Needham & Company reiterated his Buy rating on SOFI on 4/30/2026, setting a price target of $25.00, which suggests further potential gains if his view plays out. He notes that SoFi’s first-quarter results beat Street expectations on revenue, and EPS was in line with consensus but still doubled year over year.
Despite those headline positives, the stock sold off as investors reacted to softer-than-expected technology product revenue. Peterson attributes that weakness to the impact of a large customer completing a transition away at the end of FY25, a shift that was previously communicated but appears to have created a bigger headwind than many anticipated.
Loan platform revenue also missed expectations as management chose to retain more loans on its balance sheet while capital ratios remain elevated. Peterson views this as an economically sound decision, but acknowledges it likely stoked investor worries about private credit exposure and added pressure to the shares in an already nervous market.
Even with what he describes as a noisy quarter, Peterson remains positive on SoFi, arguing that the core lending business is still on solid footing and the fundamental thesis is intact. According to TipRanks, this analyst holds a lower-tier ranking at 11,204 out of 12,160, with a 38.55% success rate and an average return of -3.50% per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.