New York, Jan 7, 2026, 15:46 ET — Regular session
SoFi Technologies shares were down about 0.1% at $26.96 on Wednesday afternoon, with roughly 37.5 million shares traded. The stock ended Tuesday at $26.98, down 7.9% from Monday’s $29.28 close. 1
The slide has put the SoFi stock price forecast back under a harsh light, with investors weighing dilution from the company’s latest equity raise against the case for faster growth into 2026. Earnings later this month are the next hard checkpoint, and the tape is telling traders to keep their seatbelts on.
In a filing, SoFi said underwriters exercised an option tied to its December stock offering and that the company completed the additional share issuance and sale on Jan. 5, bringing the total shares sold in the offering to 57,754,660 at $27.50 each. The stock is now hovering around that deal price, which some investors treat as a simple test of demand. 2
Bank of America analyst Mihir Bhatia resumed coverage with an Underperform rating — Wall Street shorthand for expecting the stock to lag peers — and a $20.50 price target. He called the December capital raise a “modest positive” that gives the company “ammunition” to keep investing, but said any acquisition would likely be “smaller and more complementary” and that upside looked limited at current valuation levels. 3
Barclays analyst Terry Ma moved the other way on the math, lifting his price target to $28 from $23 while keeping an Equal Weight rating, meaning he expects the shares to perform broadly in line with the sector. Ma pointed to a “benign” credit environment as a setup for loan growth and said he expects a better mortgage origination market in 2026. 4
Options trading has been busy, too. TipRanks said call volume ran at more than three times normal levels, with over 104,000 call contracts traded, and activity clustered around bets tied to $28 and $29 levels expiring Jan. 9; it put the put-to-call ratio — a rough gauge of bearish versus bullish positioning — at 0.31. It said implied volatility, the options market’s pricing for expected swings, pointed to about a 14% move around the Jan. 30 report, and it also showed a Hold consensus with an average price target of $28.79; analysts tracked by TipRanks see fourth-quarter revenue of about $978.6 million and earnings per share (EPS) of $0.11. 5
On the chart, traders have been eyeing the low-$26 area after Tuesday’s slide took the stock down to $26.03, while the prior session’s high near $29.86 sits overhead as a level to beat if momentum returns. 6
But the setup cuts both ways. If credit costs rise faster than expected or management’s outlook for loan growth and margins disappoints, the recent capital raise won’t stop the stock from repricing lower — it just gives the company more cash while adding more shares.
The next catalyst is Jan. 30, when SoFi plans to release fourth-quarter and full-year results before the market opens and host a conference call at 8 a.m. ET. 7
