"Truist analyst Matthew Coad lowered his price target on SoFi Technologies ( NASDAQ:SOFI | SOFI Price Prediction) stock to $17 from $20 on May 12, keeping a Hold rating as part of a broader Payments sector note following Q1 2026 results. The price target cut reflects lower sale assumptions for the loan platform business and softer expectations for SoFi's technology platform segment. For prudent investors, the call doesn't blow up the long-term thesis on SoFi Technologies, yet it does flag a real wrinkle in the diversification story."
"Coad's note trims the Q2 2026 revenue forecast on lower sale assumptions for the loan platform business, where SoFi Technologies originates loans and sells them to institutional buyers. When buyer appetite cools, that fee stream compresses quickly. The second leg is the Galileo and Technisys technology platform, where Truist sees softer demand from fintech clients. SoFi's Q1 2026 already showed Technology Platform revenue down 27% year over year (YoY) to $75.09 million after a large client departure."
"SoFi stock opened the session weaker, with shares changing hands near $15.72, well below the $21.25 consensus analyst target. The reduced Truist target now sits between the current price and that Street consensus, signaling a more cautious near-term view."
"SoFi Technologies runs three lines: consumer banking (deposits, credit cards, lending), the Loan Platform Business that originates and sells loans for third parties, and the Galileo/Technisys infrastructure layer. Q1 2026 revenue hit $1.1 billion with EPS of $0.12. Members grew 35% YoY to 14.7 million, and deposits reached $40.24 billion. SoFi Technologies CEO Anthony Noto called it "an excellent Q1 delivering another quarter of durable growth and strong returns.""
A price target for SoFi Technologies was reduced to $17 from $20 while maintaining a Hold rating. The change followed Q1 2026 results and reflected lower expected sales for the loan platform business that originates loans and sells them to institutional buyers. When buyer appetite cools, related fee revenue can compress quickly. Expectations for the Galileo and Technisys technology platform were also softened due to weaker demand from fintech clients. Q1 2026 showed technology platform revenue down 27% year over year to $75.09 million after a large client departure. SoFi reported $1.1 billion in revenue and $0.12 EPS, with 14.7 million members and $40.24 billion in deposits.
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