SoFi Technologies (SOFI), a digital financial services and fintech company, is scheduled to announce its results for the first quarter of FY26 on April 29. The stock has declined 28% year-to-date due to growing concerns around a weaker mortgage market and the impact of high interest rates on loan demand. Wall Street expects SoFi to report Q1 revenue of about $1.05 billion, roughly in line with the $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.
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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. 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.
AI Analyst Is Cautious on SOFI Stock
Interestingly, TipRanks’ AI Analyst has a Neutral rating on SoFi stock with a price target of $17, indicating 9.38% downside potential. The AI Analyst’s cautious stance reflects mixed fundamentals, with improving profitability and strong guidance offset by continued negative cash flow. Technical signals remain weak, and valuation appears elevated with no dividend support.
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.
