SoFi Technologies price target lowered to $20 from $21 at Truist

Truist lowered the firm’s price target on SoFi Technologies (SOFI) to $20 from $21 and keeps a Hold rating on the shares as part of a broader research note previewing Q1 results for Payments and Capital Markets names. The setup feels mostly positive as results of the US Banks point to volume upside for the payments group, growth in consumer spending has accelerated so far throughout 2026, and valuations have reset lower following recent underperformance, the analyst tells investors in a research note. Truist adds however that investors should choose wisely and avoid stocks where there is potential for negative revisions.