SoFi Stock Slumps 40% as Wall Street Turns Cautious

SoFi ( (SOFI) ) has been popular among investors this week. Here is a recap of the key news on this stock.

SoFi Technologies spent the week under pressure, with its share price hovering in the mid-$15 range and drifting lower even as options activity stayed active. Across several sessions, call volume continued to outpace puts and overall implied volatility sat in the lowest quartile of the past year, pointing to relatively muted daily price swings of about $0.49–$0.53 despite the stock’s weak trend.

Options positioning sent a mixed message: put‑call ratios around 0.37–0.43 and periods of flattened skew signaled pockets of modest bullishness, yet repeated steepening in skew showed growing demand for downside protection. At the same time, SoFi’s stock is down roughly 40% in 2026, as investors worry about slower growth, tighter lending economics and new AI‑driven personal finance tools from OpenAI that could intensify competition for the digital bank.

Fundamentally, SoFi recently posted better‑than‑expected revenue, earnings and member growth, but that wasn’t enough to stop Wall Street from trimming expectations. Truist cut its price target to $17 and kept a Hold, citing reduced revenue assumptions in the loan and tech platform segments, while Morgan Stanley lowered its target to $16 with an Underweight rating on higher marketing spend and softer tech platform profits.

Citi remains more optimistic, cutting its target to $30 but maintaining a Buy rating, arguing that SoFi’s quarterly execution is strong even if sentiment toward lending‑technology names has cooled. Overall, TipRanks data show a Hold consensus on SoFi, with six Buys, 10 Holds and three Sells, and an average price target of $20.69 that still implies more than 30% upside for investors willing to bet on a turnaround in both the stock and the broader fintech mood.