SoFi Technologies (SOFI) stock has risen 21% over a one-month period and 142% in the past year. The fintech company and digital bank has been growing at strong rates, fueled by continued expansion in its customer base and product offerings. Amid macro pressures and geopolitical tensions, Wall Street is cautiously optimistic on SOFI stock, with the average stock price target indicating downside risk from current levels. Let’s delve deeper to know analysts’ views on the fintech stock.
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Analysts Weigh in on SOFI Stock
SoFi Technologies has impressed investors with its consistent performance. In the first quarter of 2025, SOFI’s revenue grew by 20%, with the company witnessing 800,000 member additions. Despite solid metrics, analysts are divided on SoFi Technologies stock.
Earlier this month, Stephens analyst Kyle Joseph initiated coverage on SOFI stock with a price target of $20. The 4-star analyst recommends specialty finance stocks that have “funding advantages and superior customer-acquisition models,” as these companies are the most insulated from economic challenges and intense competition. Joseph highlighted SoFi’s diversified growth platform and “productivity loop.” He believes that SoFi’s growth prospects remain strong, with a favorable shift to fee-based revenues driving multiple expansion.
Meanwhile, Truist analyst Matthew Coad assigned a Hold rating to SoFi Technologies stock with a price target of $14. The analyst stated that he has “mixed feelings” about the fintech company. Coad is bullish on SoFi’s Financial Services segment and views the loan platform business positively, with continued expansion in the average revenue per user. However, Coad believes that company-wide 2026 and 2027 growth expectations need to be reset lower. The analyst is also concerned that the credit risk of the business model may not be fully priced into SOFI stock’s valuation.
Further, Bank of America analyst Mihir Bhatia has a Sell rating on SOFI stock. While the 5-star analyst noted the strength in the company’s Financial Services business, he is bearish on the stock due to valuation concerns.
Is SOFI Stock a Good Buy?
With seven Buys, five Holds, and three Sells, Wall Street has a Moderate Buy consensus rating on SoFi Technologies stock. The average SOFI stock price target of $14.05 indicates a downside risk of 11.4% from current levels.
