SoFi Stock Forecast: Trending Hold But Bullish Outlier

SoFi Technologies’ (SOFI) stock has fallen 11.6% over the past week and 22.1% over the past month, but it is still up a strong 48.1% over the past 12 months. Despite the recent pullback, Wall Street’s analysts are sitting on the fence, with an overall consensus rating of Hold. On average, they see the stock moving toward a 12-month price target of $26.50, suggesting moderate upside from the last end-of-day price of $22.81.

Behind that Hold consensus, however, at least one voice remains clearly optimistic. Analyst Kyle Peterson of Needham & Company reiterated his Buy rating on SoFi on 2/2/2026 and set a price target of $33.00. From the current level, his target implies notable upside potential, signaling that he sees the recent weakness as more of a pause than the end of SoFi’s run. His stance stands in contrast to the cautious overall consensus and may appeal to investors willing to bet on continued growth in fintech.

Peterson’s positive view is driven mainly by what he describes as “solid results/outlook fueled by loan platform strength.” In his report, he notes that SoFi’s fourth-quarter results beat Wall Street estimates on both revenue and earnings. The company’s core on-balance-sheet lending continues to grow and perform well, while its capital-light loan platform business is scaling faster than expected. Management is prioritizing these capital-light, high-margin areas within fintech, which Peterson sees as a key driver of future profitability.

Another pillar of his bullish thesis is SoFi’s credit quality. According to Peterson, credit performance remains strong thanks to the company’s focus on prime and super-prime customers, which can help limit losses even in a tougher macro environment. While the tech platform segment has seen subdued growth recently, he believes that newly won deals—such as Treasury Direct and co-branded debit card partnerships with United, Southwest, and Wyndham Hotels—should help growth re-accelerate as fiscal 2026 progresses.

Peterson is not blind to broader market pressures, though. He is maintaining his Buy rating on SoFi but lowering his price target to $33.00 to reflect more conservative valuations for high-growth fintech names across the market. According to TipRanks metrics, this N-star analyst ranks 4,888 out of 11,984 analysts, with a success rate of 44.09% and an average return of 2.20% per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.