SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) has set up attractively after a brutal first half of 2026. Our 24/7 Wall St. price target is $21, roughly a 17.3% move from the current price of $17.89. That aligns with the 20% gain some bull analysts see: this is a buy, with high model confidence.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $17.89 |
| 24/7 Wall St. Price Target | $21.00 |
| Implied Upside | 17.3% |
| Recommendation | BUY |
| Confidence Level | 90% |
A Rough YTD, but the Trend Is Turning
SoFi shares are down 29.64% year to date and 19.03% over the last year, still 39% off the 52-week high of $32.73. The recent trend is friendlier: up 8.29% in the past month, with Piper Sandler initiating coverage this week at Overweight.
Q2 results support the turn. SoFi delivered EPS of $0.12 versus $0.1092 expected, extended its beat streak to five consecutive quarters, and posted record loan originations of $14.8 billion. Management raised full-year adjusted revenue guidance to $4.75 billion to $4.85 billion.
Why Bulls See a Breakout Ahead
The bull case rests on the “everything app” flywheel. Members grew 35% YoY to 15.8 million, products grew 42%, and 51% of new products came from existing members, up from 35% a year ago. SoFi Plus crossed 200,000 paid subscribers, and CEO Anthony Noto said he would be disappointed if it were not at 1 million members generating $120 million in annual revenue within a year.
The Loan Platform Business offers real optionality: a $1 billion agreement with Sixth Street and a $3 billion deal with Basepoint Capital extend capital-light revenue into small business and home equity. If bulls are right, the bull-case path implies a one-year price of $25.57, roughly 43% upside.
What Could Go Wrong
The Technology Platform segment saw revenue fall 23% YoY after a large client departure. The segment grew 13% sequentially, and the Peach Finance acquisition broadens SoFi Tech Solutions into cards and BNPL, but client concentration risk is real.
Rates pose a second concern: management now expects one to two hikes in 2026 versus two cuts baked into original guidance, which dragged full-year EPS guidance to $0.60 from an implied $0.65. The bear-case path takes SoFi to $18.16, essentially flat.
How SoFi Compares to Robinhood and LendingClub
Robinhood Markets (NASDAQ:HOOD) posted Q2 EPS of $0.62 on 32% revenue growth and carries a market cap of $75.3 billion, more than 3x SoFi’s $23.1 billion. HOOD’s richer multiple on comparable growth suggests SoFi looks reasonably valued at 30x forward earnings.
LendingClub (NYSE:LC) guides FY2026 EPS to $1.80 to $1.90 with originations of $12.2 to $12.6 billion. That is below SoFi’s single quarter of $14.8 billion, and LC trades at a much thinner $2.14 billion market cap. The peer set makes our $21 target reasonable, not aggressive.
SoFi Price Prediction 2026-2030
The 24/7 Wall St. price target of $21 and buy recommendation stand, with 90% model confidence. The scale tips on origination momentum plus a re-rating catalyst from the Piper Sandler initiation.
The thesis strengthens if the Technology Platform segment shows sequential growth next quarter and net interest margin holds above 5%. The thesis weakens if benchmark rates keep grinding higher and personal-loan charge-offs push above 3%.
| Year | 24/7 Wall St. Price Target |
|---|---|
| 2026 | $19.22 |
| 2027 | $22.50 |
| 2028 | $25.00 |
| 2029 | $27.50 |
| 2030 | $29.65 |
These projections assume SoFi hits its medium-term guide of a 30%+ adjusted revenue CAGR and 38% to 42% adjusted EPS CAGR through 2028. Meaningful upside or downside could come from Loan Platform Business scaling or a sharp shift in the rate cycle.
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks