OppFi (OPFI) Stock Forecast & Price Target

OppFi is positioned favorably as EWA expands rapidly and may continue taking share from deep subprime lenders, with the segment estimated at about $30B of volume in 2025 and potentially 300% larger by 2034. Its fundamentals are further strengthened by management’s confidence in the BNCC acquisition, which is expected to close in 4Q26 and drive accretion of 25% in 2027, 40% in 2028, and 50% in 2029, with run-rate EPS of about $3 by the end of 2028. The $131M bank deal should lower funding costs through deposits and broaden geographic and product reach, while short-term pressure from delayed LOC rollout and LOLA migration appears temporary relative to the longer-term growth path.

OppFi is facing a weakening fundamental setup as 2Q26 net originations fell 9% year over year to $212M, total revenue of $145M missed estimates, and adjusted EPS of $0.33 fell short of expectations, all while net charge-offs rose to 52.3% and the efficiency ratio worsened to 37%. Management’s reduced 2026 guidance for revenue of $600M-$625M and adjusted EPS of $1.34-$1.51 reflects slower growth, delayed line-of-credit rollout, and lower operating leverage, increasing execution risk just as the core installment product is losing share to longer-duration loans and flexible credit. The outlook is further pressured by concentration risk with FinWise driving more than half of originations since 2019, plus elevated regulatory and model-risk exposure inherent in triple-digit APR lending.