SoFi Technologies' Q2 Guidance Weaker Than Expected, 2026 Outlook Implies Ramp in H2, Morgan Stanley Says
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SoFi Technologies' Q2 guidance is weaker than expected, with projected revenue of $1.11 to $1.12 billion, 0.7% below estimates, and EBITDA of $330 to $340 million, 16% below prior estimates. Morgan Stanley lowered its Q2 EPS estimate to $0.11 and maintained its revenue estimate at $1.123 billion. The firm noted increased marketing spend and product innovation investments, suggesting a ramp-up in H2 for long-term growth. Morgan Stanley also reduced its price target for SoFi's stock from $18 to $16, maintaining an underweight rating.
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