SoFi Technologies (SOFI), a digital financial services and fintech company, is heading into its first-quarter 2026 earnings report on April 29 facing clear pressure. The stock has struggled this year, falling about 30% as concerns grow around a weaker mortgage market and the impact of high interest rates on loan demand. However, the company has continued to move toward consistent profitability, while its non-lending segments are growing and helping diversify the business. Even so, Wall Street remains cautious going into the print.
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The stock carries a consensus Hold rating, and major firms like Goldman Sachs and Bank of America have recently lowered their price targets, reflecting a more careful near-term outlook.
What to Expect from SoFi on April 29
Wall Street expects SoFi to report Q1 revenue of about $1.05 billion, roughly in line with $1.04 billion a year ago. 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.
Investors will be watching for updates on loan growth, credit quality, and guidance when the company reports its earnings.
Analyst’s Take on SOFI Ahead of the Print
Ahead of the Q1 print, 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 $23.35 indicates a possible upside of 27.44% from current levels.
