Fintech company SoFi Technologies (SOFI) is set to report its first-quarter results before the market opens today, April 29. The stock is down 30% year-to-date due to concerns about its valuation, macro uncertainties, and geopolitical tensions in the Middle East. However, it remains up more than 38% over the past year. SoFi delivered strong results last quarter, driven by growth in its customer base and products, and is expected to report 100% earnings growth in the first quarter.
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According to TipRanks’ Options Tool, option traders are expecting a 10.24% move in either direction in SoFi stock following its Q1 2026 earnings. This implied move is higher than the stock’s average post-earnings move (in absolute terms) of 4.75% over the past four quarters.
The increased volatility reflects investor focus on lending demand, deposit growth, and profitability trends as competition in digital banking remains intense.
What to Expect from SoFi’s Q1 Results Today
Wall Street expects SoFi to report Q1 revenue of about $1.05 billion versus $1.04 billion in the year-ago quarter. However, earnings are projected to rise sharply, with EPS expected at $0.12 compared to $0.06 in the same quarter last year, pointing to improving profitability.
Meanwhile, investors will be watching whether strong member growth and cross-selling can keep momentum going for SoFi Technologies. At the same time, profitability will remain in focus, with margins and EPS expected to improve after the company recently turned GAAP profitable. Investors will also look for clarity on recent capital raises and how the funds will be used, while keeping a close eye on guidance, especially around loan demand, credit trends, and the full-year 2026 outlook.
Analyst’s Take on SOFI Ahead of the Print
Ahead of Q1 earnings, Truist analyst Matthew Coad slightly lowered his price target for SOFI stock to $20 from $21 and reiterated a Hold rating. Coad expects the company to report Q1 2026 revenue of about $1.05 billion. He also sees EBITDA margins near 30% and EPS of $0.12, both close to guidance. Looking ahead, the analyst believes strong growth can continue in 2026 but flags risks from margin pressure, slower loan growth, and funding concerns.
Meanwhile, Keefe Bruyette analyst Tim Switzer reaffirmed his Underperform (Sell) rating on SoFi and lowered his price target to $17 from $20, implying about 7% downside. He said the revised price target comes after valuing each part of SoFi’s business separately, including its lending, tech platform, and financial services segments. Switzer also pointed to rising concerns around the performance of SoFi’s loan securitizations. In addition, he warned that changes in how certain assets are marked on the balance sheet could put pressure on Q1 earnings.
Is SOFI a Good Stock to Buy?
Overall, Wall Street is sidelined on SoFi Technologies stock with a Hold consensus rating based on five Buys, eight Holds, and three Sell recommendations. The average SOFI stock price target of $23.27 indicates a possible upside of 24% from current levels.
