New York, Jan 8, 2026, 10:20 EST — Regular session
- SoFi shares edged lower in morning trade after a volatile week tied to dilution and analyst calls.
- BofA stayed bearish with an “underperform” rating, while Barclays and Goldman reset their price targets.
- The next catalysts include Friday’s U.S. jobs report and SoFi’s earnings on Jan. 30.
SoFi Technologies (SOFI.O) shares were down 0.2% at $26.94 as of 10:11 a.m. EST on Thursday, as investors weighed fresh broker calls after the fintech’s recent share sale.
A regulatory filing showed SoFi sold 57,754,660 shares at $27.50 apiece after underwriters exercised an option for extra stock, lifting the total take to roughly $1.6 billion before fees. New shares can pressure a stock by diluting existing holders.
The timing doesn’t help. Traders head into Friday’s U.S. employment report — due at 8:30 a.m. ET — which can swing rate bets and spill into lender stocks.
Bank of America Securities analyst Mihir Bhatia resumed coverage with an underperform rating — a sell-style call that suggests the stock could lag the market — and a $20.50 price target. He called the capital raise a “modest positive” that gives SoFi “ammunition” for growth, but wrote any deal is likely “smaller and more complementary” than “game changing.” TipRanks
Barclays analyst Terry Ma lifted his price target to $28 from $23 and kept an Equal Weight rating, a hold-type stance. He pointed to a “benign” credit backdrop and a better mortgage origination market in 2026. TipRanks
Goldman Sachs analyst Michael Ng trimmed his target to $24 from $27 and kept a Neutral rating. The spread in targets shows how uneven the read is on what the new capital means for growth — and for dilution.
Consumer-lender names were mixed on Thursday: Upstart was little changed, LendingClub rose 0.4%, and buy-now-pay-later firm Affirm fell about 2%.
But the stock still has a thin spot. A turn in credit quality, or an acquisition that looks expensive, could add to the pressure after the equity raise.
