SoFi Technologies upgraded to Outperform from Market Perform at Citizens

Citizens analyst Devin Ryan upgraded SoFi Technologies (SOFI) to Outperform from Market Perform with a $30 price target The stock has sold off to $21 after having traded to highs over $30 in late 2025, now down 20% year-to-date, the analyst tells investors in a research note. The firm believes the recent risk-off rotation has penalized higher-growth narratives. It believes SoFi’s selloff is less about near-term macro fear and more about “style factor compression and technicals, creating an opportunity” to own the stock. The company offers “compounding at scale” and “rapidly diversifying revenue” toward fee-based and capital-light streams, contends Citizens.