New York, Jan 7, 2026, 07:54 (EST) — Premarket
- SoFi stock steadied in premarket after a sharp fall in the prior session.
- A filing showed underwriters took additional shares, lifting the total sold to 57.8 million at $27.50 each.
- Investors now turn to Jan. 30 results for clues on 2026 growth, credit and capital plans.
SoFi Technologies, Inc. (SOFI) shares were little changed in U.S. premarket trading on Wednesday after a regulatory filing confirmed banks running its recent stock sale bought additional shares, keeping dilution worries in focus.
The disclosure matters because SoFi is heading into a key earnings update later this month, when management will need to show how fresh capital supports growth without eroding returns. New stock issuance can weigh on a share price because it increases the number of shares outstanding, reducing each existing investor’s slice.
A Form 8-K filing said underwriters exercised their 30-day option to purchase additional stock on Jan. 2 and SoFi completed the sale on Jan. 5, lifting the total shares sold in the offering to 57,754,660 at $27.50 each. The deal was led by Goldman Sachs, BofA Securities, Citigroup, Deutsche Bank and Mizuho Securities, the filing showed. SEC
SoFi ended Tuesday at $26.98, down $2.30 from Monday’s close, with about 120 million shares traded, Nasdaq data show. Nasdaq
Bank of America analyst Mihir Bhatia kept an underperform rating and raised his price target to $20.50 from $17.50, saying the stock offers “limited upside at the current multiple,” a valuation yardstick that compares price with expected profit. Bhatia called the capital raise a “modest positive,” but said any M&A — mergers and acquisitions — would likely be smaller rather than transformational. He forecast adjusted earnings per share of $0.64 in 2026, up from $0.39 in 2025, with “adjusted” results excluding certain items. Investing.com
Barclays analyst Terry Ma, meanwhile, raised his price target to $28 from $23 and kept an equal weight rating. In a 2026 outlook, he pointed to a “benign” credit backdrop and improving mortgage trends as potential tailwinds for some consumer finance names. TipRanks
Goldman Sachs analyst Michael Ng lowered his target price to $24 from $27 while keeping a neutral rating, adding to a mixed set of views after the offering and the selloff. GuruFocus
But the new equity comes with a cost: more shares mean any future profit is spread thinner, and investors will want proof the cash translates into durable revenue growth. A turn in consumer credit — higher delinquencies or charge-offs — would also pressure the story quickly.
SoFi plans to release fourth-quarter and full-year 2025 results at about 7 a.m. ET on Jan. 30, followed by a conference call at 8 a.m. ET, the company said. Investors will listen for 2026 guidance on loan growth, funding costs and credit performance across its lending book and fee-based businesses. SoFi
