Will SoFi Technologies (SOFI) Stock Continue to Rise in 2026. Here's What Analysts Say

SoFi Technologies (SOFI) stock has advanced about 9% over the past five trading sessions and has risen 78% year-to-date. The fintech company continues to impress investors with strong revenue and profitability growth, supported by continued expansion in its member base. While SOFI bulls see continued upside in the stock heading into 2026, other analysts remain cautious amid valuation concerns and macro uncertainty.Claim 70% Off TipRanks This Holiday SeasonUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Neobank SoFi continues to bolster its position in the fintech space through solid execution, continued expansion of its member base, and innovative offerings. Notably, the company ended Q3 2025 with 12.6 million members and 18.6 million products, reflecting a 35% and 36% year-over-year growth, respectively. Also, SoFi is gaining from its focus on capital-light, fee-based revenue. However, SOFI stock is currently trading at a forward price-to-earnings (non-GAAP) multiple of 75.01x, well above the sector average of 11.57x. Analysts Are Divided on SOFI Stock Recently, Needham analyst Kyle Peterson reiterated a Buy rating on SOFI stock with a price target of $36. The analyst adjusted his model to reflect SOFI's recent secondary offering of 54.5 million shares of its common stock for about $1.5 billion in gross proceeds. Peterson expects the offering to be relatively neutral to the company's earnings per share (EPS), as the additional proceeds can likely be used to drive asset growth and/or reduce funding costs. "We view the raise as opportunistic and believe it adds further flexibility for faster organic growth and/or accretive M&A in areas such as blockchain or AI applications," said Peterson. Additionally, Peterson views the lower deposit costs following recent rate cuts as a near-term tailwind for net interest margin (NIM) for SOFI and Axos Financial (AX), as these companies use their deposits for funding. Meanwhile, JPMorgan analyst Reginald Smith increased his price target for SoFi Technologies stock to $31 from $28 and reaffirmed a Hold rating as part of his 2026 outlook for the fintech space. The firm sees a "soft-landing grind" next year, with slowing real growth for the sector due to a weakening labor market and the lagged impact of tariffs, partially offset by tax cuts. Is SOFI a Good Stock to Buy? Currently, Wall Street has a Hold consensus rating on SoFi Technologies stock based on five Buys, seven Holds, and four Sell recommendations. The average SOFI stock price target of $27.50 indicates shares are fully priced at current levels.