New York, Feb 5, 2026, 15:29 EST — Regular session.
- Shares of SoFi Technologies slipped roughly 5% in afternoon trading, adding to a volatile week for fintech lenders
- Even JPMorgan’s upgrade earlier this week couldn’t halt the pullback following the company’s 2026 outlook
- Investors are focused on next week’s delayed U.S. jobs and inflation reports for new clues on interest rates
Shares of SoFi Technologies, Inc (SOFI) dipped 5.3% to $19.65 Thursday afternoon, sliding from Wednesday’s close of $20.75. The stock hit a low of $19.20 during the session.
The decline comes as investors reassess SoFi’s growth outlook following the company’s 2026 targets, which include around 30% adjusted net revenue growth and roughly $1.6 billion in adjusted EBITDA — a profit metric excluding certain one-time items. Management also provided guidance for about $1.04 billion in adjusted net revenue for the first quarter. (Q4 Capital)
On Tuesday, JPMorgan raised SoFi to “Overweight,” keeping its $31 price target intact. Analyst Reginal Smith flagged the recent dip after earnings as a buying chance, highlighting strong momentum driven by member and deposit growth. (Benzinga)
SoFi dipped Thursday amid a broad selloff, triggered by jitters over Big Tech’s AI investment strategies. “There’s a lot of uncertainty about whether these bets will pay off,” said Tom Hainlin, investment strategist at U.S. Bank Wealth Management, as the S&P 500 and Nasdaq dropped roughly 1%. (Reuters)
Shares in other consumer-lending and fintech firms also dipped: Affirm dropped roughly 5%, Upstart slid over 8%, and LendingClub lost around 2%.
On Wall Street, an “Overweight” rating means the analyst expects the stock to outperform its peers. JPMorgan based its target on the PEG ratio, which adjusts the price-to-earnings multiple to account for growth rate.
The trade can flip quickly for a lender once markets turn defensive. Should credit costs climb or new member growth slow, investors shift their attention away from long-term goals and zero in on near-term earnings performance.
Attention is shifting to next week’s delayed U.S. January jobs report, set for Feb. 11, along with the January Consumer Price Index release on Feb. 13. These figures could reshape interest rate forecasts, influencing borrowing costs, funding conditions, and sentiment toward high-growth finance stocks. (Reuters)
