Quick Read
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SoFi Technologies (SOFI) reported Q1 2026 revenue of $1.10B (up 41% YoY), GAAP net income of $166.7M (more than doubled), and record loan originations of $12.18B (up 68% YoY), though shares fell 15% post-earnings over concerns about a 27% decline in the Technology Platform segment tied to a single client departure.
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SoFi’s 18 consecutive quarters of Rule of 40 performance and guided 2026 adjusted revenue growth of 30% with 38-42% medium-term EPS CAGR position the fintech for sustained compounding, but credit trends and Technology Platform stabilization remain key risks over the next 12 months.
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The analyst who called NVIDIA in 2010 just named his top 10 stocks and SoFi Technologies wasn’t one of them. Get them here FREE.
Our SoFi Technologies (NASDAQ:SOFI) thesis is straightforward: the fintech is executing too well for the stock’s recent slide to last, even if the next 12 months bring more volatility than fireworks. The 24/7 Wall St. price target for SoFi is $18.28, implying 14.13% upside from $16.02. We rate shares a buy with high conviction (90% model confidence).
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Metric |
Value |
|---|---|
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Current Price |
$16.02 |
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24/7 Wall St. Price Target |
$18.28 |
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Upside |
14.13% |
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Recommendation |
BUY |
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Confidence Level |
90% |
From $32 to $16: What Just Happened to SoFi
SoFi has been punished. Shares are down 38.81% year to date and 49.4% from the October 2025 high near $31.66, despite fundamentals that keep improving.
Q1 2026 revenue came in at $1.10 billion (up 41% YoY on an adjusted basis), GAAP net income more than doubled to $166.7 million, and loan originations hit a record $12.18 billion, up 68% YoY. Members grew 35% to 14.7 million.
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Yet SOFI fell 15.44% on earnings day after merely meeting EPS at $0.12, with traders fixating on the Technology Platform segment’s 27% revenue decline tied to a single large client departure.
Why Bulls See SoFi Doubling by 2030
The bull case rests on durable compounding. CEO Anthony Noto told investors SoFi just delivered its “18th consecutive quarter of the Rule of 40 with a score of 72%” and called the company “in a class of one.” Management guides 2026 adjusted revenue to $4.655 billion (~30% growth) and a medium-term adjusted EPS CAGR of 38-42%.
Catalysts stack up. The SoFiUSD stablecoin (the first national bank stablecoin on a public permissionless blockchain), the Mastercard settlement partnership, Big Business Banking, and the relaunched SoFi Plus at 4.5% APY all expand the revenue surface. The Loan Platform Business added $3.6 billion in commitments in Q1. Our five-year bull case projects $41.56 by May 2031, a 159.43% return that hits the $32+ doubling threshold by 2029.
