SoFi Technologies, Inc. (NASDAQ: SOFI) is starting the week in a “cooldown phase” after one of the most headline-heavy stretches of its 2025 rally: a $1.5 billion equity raise, fresh analyst target changes, new product launches, and an ambitious roadmap in crypto, blockchain payments, and a potential SoFi-branded stablecoin.
As of the latest available trade timestamp on December 15, 2025, SOFI stock was trading around $27.28, modestly higher versus the prior close.
Below is what’s driving the conversation around SoFi stock right now—and what investors and analysts appear to be watching as we head into 2026.
SOFI stock price: where shares stand on Dec. 15, 2025
SoFi stock is hovering near $27, a level that matters for two reasons:
- It’s close to the pricing of SoFi’s newly completed stock offering ($27.50 per share), and
- It sits near the middle of a wide 52-week range that has stretched from single digits to the low-$30s during 2025. [1]
That “in the middle” positioning is exactly why today’s coverage is so split: bulls see consolidation after a huge run; skeptics see a valuation that needs execution to keep up.
The $1.5 billion SoFi stock offering: dilution, capital strength, and why it happened
The biggest recent fundamental headline for SoFi Technologies stock is the completed equity offering.
According to SoFi’s SEC filing, the company sold 54,545,454 shares of common stock at $27.50 per share, and the offering closed on December 8, 2025. The underwriters also received a 30-day option to buy up to 8,181,818 additional shares. [2]
SoFi’s stated use of proceeds: general corporate purposes, including strengthening its capital position, improving capital management flexibility/efficiency, and funding growth opportunities. [3]
Why investors cared (and why the stock wobbled)
Even when a business is executing well, a large equity raise tends to trigger an immediate investor reflex: dilution. Multiple market reports around the announcement described a sharp post-market drop when the raise was first revealed, with commentary framing it as an opportunistic move given how strong SOFI shares had been in 2025. [4]
There’s also an additional wrinkle: Investors.com cited analyst commentary noting the raise as SoFi’s second capital raise of the same size within a relatively short period, and framed the move as partly about capital levels and balance-sheet flexibility. [5]
In other words, the market’s debate isn’t “Is SoFi growing?”—it’s “How much capital does SoFi need to fund growth, and what does that imply for per-share economics?”
SoFi’s latest fundamentals: profitable growth is now part of the story
SoFi’s equity raise didn’t happen in a vacuum. It followed a Q3 report that emphasized scale, profitability, and product velocity.
From SoFi’s Q3 2025 earnings release and investor materials, highlights included:
- GAAP net revenue: about $961.6 million (Q3 2025)
- GAAP net income: about $139.4 million (Q3 2025)
- Adjusted net revenue: about $950 million (Q3 2025)
- Adjusted EBITDA: about $277 million (Q3 2025)
- Members: about 12.6 million, with record quarterly additions
- Fee-based revenue: about $409 million, positioned as a growing share of the business
- Deposits: up about $3.4 billion quarter-over-quarter to roughly $33 billion [6]
This mix matters because SoFi has been working to convince the market it’s not just a lender—it’s a multi-product financial platform with increasingly meaningful fee-based revenue streams (financial services + tech platform), alongside lending.
SoFi raised full-year 2025 guidance
SoFi also published higher expectations for 2025, including:
- At least 3.5 million new members added for the full year
- Adjusted net revenue: approximately $3.54 billion
- Adjusted EBITDA: approximately $1.035 billion (implying ~29% margin, per the release)
- Adjusted net income: approximately $455 million
- Adjusted EPS: approximately $0.37
- Tangible book value growth: approximately $2.5 billion [7]
That’s the “engine room” behind the bull case: the company is trying to scale members and products while keeping profitability trending in the right direction.
Product news investors are connecting to the stock: SoFi Smart Card and SoFi Plus
Another thread in December coverage: SoFi is still shipping products aggressively.
On December 10, 2025, SoFi announced the SoFi Smart Card, positioned as an all-in-one account/card concept aimed at rewards on essentials, spending control, and credit-building features—exclusively for eligible new SoFi Plus members. [8]
Key features highlighted by SoFi include:
- Unlimited 5% cash back at grocery stores
- Up to 4.30% APY on savings balances (for up to six months, per the release terms)
- A dynamic credit limit linked to checking/savings balances
- No hard credit pull to apply (per product positioning)
- Mastercard network protections and fee-free ATM access (as described in the release) [9]
NerdWallet’s coverage framed the Smart Card as unusual because it’s structured as a charge card (must be paid in full monthly) and because SoFi Plus carries a monthly cost—meaning the effective value depends heavily on grocery spend and how a customer uses the broader SoFi ecosystem. [10]
Why this is stock-relevant: SoFi’s business model increasingly depends on deepening member relationships (more products per member) and building durable funding (deposits) and fee streams (interchange, platform fees, referrals, investing-related revenue). New product “hooks” like this are part growth lever, part retention lever, part brand lever.
Crypto, blockchain payments, and the SoFi USD stablecoin plan: big upside, real execution risk
SoFi has been threading a tricky needle: leaning into crypto and blockchain opportunities while also operating as a regulated bank.
Crypto trading: “first nationally chartered bank” positioning
Reuters reported in November that SoFi Bank said it would roll out crypto investing/trading features and described itself as the first U.S. bank (nationally chartered) to offer crypto investing and trading.
That narrative shows up again in SoFi’s earnings transcript, where leadership discussed relaunching buy/sell/hold crypto inside the SoFi app and positioned the flow as integrated with SoFi Money funding. [11]
SoFi Pay and a planned stablecoin in 2026
In SoFi’s Q3 2025 earnings transcript, management discussed launching SoFi Pay, described as an international payments product leveraging blockchain rails, with initial corridors (Mexico mentioned) and planned geographic expansion. The transcript also states that the SoFi Pay wallet is intended to integrate a “SoFi USD” stablecoin the company hopes to launch in 2026. [12]
This is one of those “could be huge, could be messy” initiatives:
- If executed well, a stablecoin + payments stack could create new revenue lines (payments, interchange-like economics, float/reserve mechanics) and deepen engagement.
- If executed poorly (or if regulation shifts), it could become a distraction, a compliance burden, or a reputational risk.
Investors don’t need to decide today whether SoFi becomes a serious crypto-native bank. But the market will absolutely price the possibility—and punish missteps.
Analyst forecasts for SoFi stock: targets rising, but “Hold” still dominates
Today’s SOFI stock forecast picture is a study in cautious optimism: targets have moved up, but many analysts are still reluctant to pound the table after the rally.
What changed on Dec. 15
A TipRanks report dated today says ARK Invest (Cathie Wood) sold 21,094 shares of SoFi worth roughly $0.6 million, while also summarizing multiple analyst updates:
- JPMorgan raised its price target to $31 (from $28) while keeping a Neutral rating (in the context of a broader fintech outlook).
- Truist lowered its target to $28 (from $31) while keeping a Hold rating.
- KBW reiterated a Sell rating and raised its target to $20 (from $18). [13]
TipRanks also reported a Hold consensus in its dataset, with an average price target around $27.50 and a mix of Buys/Holds/Sells. [14]
Consensus depends on the data provider
MarketBeat’s published consensus also lands at Hold, but with a lower average target price (mid-$20s) and a wide target range:
- Consensus rating: Hold
- Average price target:$25.69 (MarketBeat methodology)
- High target:$38.00
- Low target:$17.00 [15]
If you’re an investor, the important takeaway isn’t whether the “right” average target is $25.69 or $27.50. It’s what those ranges imply:
- The market agrees SoFi is executing better than it used to.
- The market does not agree on what that execution is worth per share from here.
The bull case vs. the bear case for SoFi Technologies stock heading into 2026
SoFi is a company where both the optimistic and skeptical narratives can be internally coherent. The stock’s next major move likely depends on which narrative gets more real-world evidence.
What the bulls point to
- Scale + profitability: SoFi is printing meaningful GAAP net income (Q3) while still growing members and products. [16]
- Deposit growth: A growing deposit base can improve funding economics versus warehouse lines/market funding. [17]
- Diversification: Fee-based revenue and platform contributions are a growing part of the story, potentially making SoFi less cyclical than a pure lender. [18]
- Product velocity: Smart Card, SoFi Pay, and crypto relaunch efforts signal a company still trying to expand its ecosystem moat. [19]
What the bears keep hammering
- Dilution risk: The $1.5B offering is real dilution—no way around it—and it sets a precedent investors will remember. [20]
- Valuation sensitivity: After a massive run, expectations become fragile. Any slowing in growth rates or margin progression can hit the stock disproportionately (which is why “Hold” dominates even when targets rise). [21]
- Credit and macro: SoFi still has meaningful lending exposure; if consumer credit weakens, loss rates and demand can change quickly. (SoFi itself discusses credit performance and targets in its disclosures.) [22]
- Execution complexity: “Bank + fintech + platform + crypto + AI” is an exciting combo… and also a lot of plates to spin without dropping one.
What to watch next for SOFI stock
Here’s what stands out as the next set of “stock-moving” checkpoints:
- Evidence that the post-offering share count and capital position translate into faster growth or better economics (rather than just a larger base). [23]
- Updates on SoFi Pay rollout and whether it gains real usage (not just headlines). [24]
- Progress toward the SoFi USD stablecoin concept (including regulatory posture and product specifics). [25]
- Whether new consumer products like the SoFi Smart Card actually improve engagement, deposits, and cross-buy—rather than simply adding marketing noise. [26]
- Any further analyst target changes as firms publish 2026 outlook notes (which are clearly influencing the narrative today). [27]
Bottom line
On December 15, 2025, SoFi Technologies (SOFI) stock is trading in a zone that reflects both progress and pressure: progress because the company is posting real profitability and raising guidance; pressure because the equity raise and valuation debate haven’t gone away.
If SoFi keeps compounding members, deposits, fee-based revenue, and profitability—while proving its bolder bets (crypto, blockchain payments) can be executed safely inside a regulated-bank framework—the stock can earn a higher “quality multiple.” If growth slows or new initiatives introduce risk without payoff, the market’s current “Hold-but-interested” stance could turn colder quickly.
References
1. www.investing.com, 2. www.sec.gov, 3. www.sec.gov, 4. www.investors.com, 5. www.investors.com, 6. s27.q4cdn.com, 7. s27.q4cdn.com, 8. investors.sofi.com, 9. investors.sofi.com, 10. www.nerdwallet.com, 11. s27.q4cdn.com, 12. s27.q4cdn.com, 13. www.tipranks.com, 14. www.tipranks.com, 15. www.marketbeat.com, 16. s27.q4cdn.com, 17. s27.q4cdn.com, 18. s27.q4cdn.com, 19. investors.sofi.com, 20. www.sec.gov, 21. www.tipranks.com, 22. s27.q4cdn.com, 23. www.sec.gov, 24. s27.q4cdn.com, 25. s27.q4cdn.com, 26. investors.sofi.com, 27. www.tipranks.com
