SoFi Could Be One of 2026’s Best Fintech Buys at Current Depressed Levels

8 hours ago 2

Vandita Jadeja

Tue, June 16, 2026 astatine 9:42 AM CDT 4 min read

Quick Read

SOFI has shed 35% twelvemonth to day contempt nett income surging 134% and grounds quarterly indebtedness originations of $12 billion, signaling a disconnect from fundamentals.
Anthony Noto's 2026 guidance targets 30% gross growth, with a bull lawsuit of $24.73 if Financial Services gross sustains 41% YoY expansion.
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SoFi Technologies (NASDAQ:SOFI) has been 1 of 2026's astir punished fintechs, with shares down 34.57% twelvemonth to day adjacent arsenic the underlying concern posted grounds numbers.

Close-up of a idiosyncratic successful a acheronian suit holding a smartphone, with their digit pointing to the screen. A translucent, greenish and reddish candlestick banal marketplace illustration with 2 overlaying curved lines is digitally projected supra the phone, showing fiscal data. The inheritance is acheronian and retired of focus.

After moving the financials done our proprietary model, I deliberation the selloff has overshot the fundamentals. Our 24/7 Wall St. terms people for SoFi is $19.10, implying 11.52% upside from the $17.13 close. The proposal is buy, with precocious assurance astatine 90%.

24/7 Wall St. Price Target Summary

From $27 to $17: A Brutal First Half for SoFi

SoFi entered 2026 adjacent $26.44 and slid arsenic debased arsenic $14.23 connected its 52-week debased earlier stabilizing. Shares are up 9.74% implicit the past period and 21.58% implicit the past year, but inactive beryllium 36% beneath the $32.73 high. The disconnect with fundamentals is striking.

Q1 2026 gross of $1.10 cardinal bushed estimates by 4.87%, EPS of $0.12 matched, and GAAP nett income jumped 134.45% YoY to $166.73 million. Loan originations deed a grounds $12.18 billion, up 68% YoY, and deposits reached $40.24 billion.

The Case for $24+

The bull thesis writes itself if you spot management's guidance. SoFi has guided 2026 adjusted gross to $4.655 cardinal (about 30% growth) with adjusted EBITDA adjacent $1.6 cardinal astatine a 34% margin, positive a medium-term model calling for 30%+ gross CAGR and 38% to 42% adjusted EPS CAGR done 2028.

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Catalysts are stacking up: the SoFiUSD stablecoin with Mastercard settlement, crypto trading rollout, Big Business Banking, and a Loan Platform Business that added $3.6 cardinal successful caller commitments past quarter.

Anthony Noto said the strategy is "delivering a winning operation of maturation and returns". Our bull lawsuit terms is $24.73, a 44.39% return, achievable if the aggregate rerates connected Financial Services gross maturation (currently +41% YoY).

What Could Go Wrong

Bears constituent to existent issues. The Technology Platform conception fell 27% YoY aft a ample lawsuit departure, enabled accounts dropped 16% YoY, and nett involvement borderline compressed by 63 ground points. Credit metrics are softening too, with idiosyncratic indebtedness charge-offs ticking up to 3.03%.

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