NASDAQ:SOFI 6 March 2026 - 29 April 2026

SoFi Technologies dropped roughly 4.2% to $15.23 late Friday, following its announcement of over $3.6 billion in anticipated personal-loan funding agreements with three new partners. Investors kept selling, despite SoFi’s efforts to highlight ongoing strong demand for its lending platform. This is coming into sharper focus now, since the latest commitments feed directly into the core debate over SoFi. Investors are watching to see if SoFi can continue driving up loans and fee revenue without putting excessive amounts of its own capital at risk—particularly after a short-seller report on March 17 took aim at its accounting practices and loan transparency.

NEW YORK, March 26, 2026, 12:50 PM EDT SoFi Technologies dropped roughly 3.7% to $15.94 by midday Thursday, with traders still digesting last week’s short-seller attack alongside a strong rebuttal from Mizuho.

SoFi Technologies dropped roughly 2.7% premarket Wednesday, trading down to $16.70. Investors continued to digest a short-seller’s report despite Mizuho stepping in to back the company, maintaining its Outperform rating—the equivalent of a buy—and sticking with a $38 price target. The stakes are higher this time; this isn’t your standard earnings disappointment or a simple guidance tweak. At the core: SoFi’s handling of a contested $312 million loan sale and its method for valuing portions of its loan book. Those issues strike at the heart of SoFi’s efforts to shift toward a steadier, fee-driven model—no small feat after branching out from its roots in student-loan refinancing to now include personal loans, mortgages, investing, and payments.

On Friday morning, SoFi Technologies hovered at $17.05, off 0.2% by 11:04 a.m. EDT, with investors digesting a new neutral rating from Wells Fargo and continued ripples from this week's clash with short seller Muddy Waters. The stock closed at $17.08 on Thursday, $17.18 Wednesday, and $17.37 Tuesday. SoFi sits at the center of a key question for investors: how much are they willing to shell out for a fintech operator stretching across lending, banking, and software? The stock got squeezed this week, hit on its accounting by Muddy Waters and on valuation and loan-sale risk by Wells Fargo—both taking aim at how solid the company’s earnings narrative really is.

SoFi Technologies slipped in premarket trade on Wednesday, following news that Muddy Waters had taken a short position. The company responded, threatening potential legal action, saying Muddy Waters’ report was misleading. Shares last traded at $17.37, off 24 cents from the previous close. On Tuesday, when the short-seller’s report landed, the stock dropped as much as 6.5%. The dispute has real weight for SoFi, a company straddling lending, financial services, and tech, especially after a standout fourth quarter. Back in January, SoFi posted record net revenue of $1.025 billion, marking its ninth consecutive GAAP profit. With that kind of track record, any fresh questions around its debt or loan accounting are especially unwelcome.

SoFi Technologies shares dropped Tuesday after Muddy Waters Research revealed it’s shorting the online lender, accusing the company of misstating its debt, downplaying credit losses, and inflating profits. Shares ended the day off 1.3%, paring earlier losses that topped 4%. After hours, the stock ticked up nearly 1% following CEO Anthony Noto’s purchase of about $500,000 worth of shares. Timing’s in focus here; bullish takes not long ago leaned on SoFi’s insider buying and 2026 projections to push the idea that the selloff had gone too far. On Monday, a Seeking Alpha piece flagged the stock trading at about 14x 2026 EBITDA and highlighted Noto’s $1 million insider buy. Over at Yahoo Finance, a Barchart report from last week mentioned a consensus price target close to $26.88, with new $30 to $31 targets coming in from Citizens JMP and JPMorgan.