SoFi Technologies (SOFI) Stock Forecast & Price Target

SoFi Technologies is viewed favorably because it delivered 1Q revenue of $1.10 billion, up 43% year over year, with adjusted revenue of $1.09 billion and EBITDA of $339.9 million both ahead of expectations, while TBV/share rose to $7.21. Its well-capitalized bank balance sheet and charter helped drive 1Q LPB personal loan originations up 90% year over year to $2.963 billion and total originations growth of 68%, underscoring a competitive moat and flexibility versus non-bank peers. The thesis is further supported by strong platform momentum, with total products at 19.3 million, annualized new revenue of $90 per product, and continued Rule of 40 outperformance at 68% in 1Q alongside 400bps+ of year-over-year margin expansion.

SoFi Technologies is demonstrating solid top-line growth, but the fundamentals still look fragile because its earnings engine remains heavily tied to lending and capital markets access, which raises exposure to credit cycles, funding stress, and regulatory constraints. The 1Q26 results showed 41% adjusted net revenue growth to $1.087B and 62% adjusted EBITDA growth to $340M, yet the Technology segment deteriorated sharply, with adjusted net revenue down 27% to $75M and margin compression to 16%. Even with strong originations of $12.2B and a 5.94% NIM, management’s 2Q outlook implies adjusted EPS of $0.10 to $0.11, below the Street’s $0.14, while competition and product concentration could pressure future profitability.