Truist cuts target to USD 16 for SoFi Technologies stock
Published on 10/25/2026 at 13:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst pressure before earnings
- Truist lowered its target from USD 19.00 to USD 16.00 on October 23, 2026.
- Second-quarter adjusted net revenue rose 40 percent to USD 1.21 billion in 2026.
- SoFi Technologies stock has its next earnings report on October 27, 2026.
SoFi Technologies (ISIN US83406F1021) faced a lower valuation marker on October 23, 2026, when Truist cut its price target from USD 19.00 to USD 16.00 and kept a Hold rating, as Markets Insider reported. The change arrives before the fintech company's third-quarter results.
Truist cuts target
Truist cited the adverse impact of higher rates in its research note, adding a cautious counterweight to SoFi's operating growth. The target reduction from USD 19.00 to USD 16.00 was the latest dated analyst action in the research record.
What does October 27 mean?
SoFi reported adjusted net revenue of USD 1.21 billion in the second quarter of 2026, up 40 percent from the prior-year quarter, while GAAP net income reached USD 156.6 million, up 61 percent, according to Investments Research. The same report said adjusted EBITDA rose 44 percent to USD 357.8 million, giving the upcoming release a clear profitability benchmark.
Consensus estimates point to third-quarter revenue of USD 1.26 billion and earnings per share of USD 0.17. FinanceBuzz reported those estimates on October 20, 2026, with revenue growth of 32.36 percent and earnings-per-share growth of 54.55 percent as the comparison points.
Three events set the timeline
On October 13, 2026, StoneX initiated coverage with a USD 25.00 target and a Buy rating, according to CNBC. On October 23, 2026, Truist cut its target to USD 16.00 from USD 19.00. On October 27, 2026, SoFi is scheduled to report third-quarter results, with consensus revenue at USD 1.26 billion.
Next reporting date
SoFi's next earnings report is scheduled for October 27, 2026, before the US market opens, with the earnings webcast set for 8:00 a.m. Eastern time, according to Yahoo Finance. The company operates through Lending, Technology Platform and Financial Services segments and is listed on Nasdaq under SOFI.
Euro quote remains dated
The last Tradegate quote was EUR 13.06 on October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of SoFi Technologies stock.
SoFi Technologies key data
- Company: SoFi Technologies, Inc.
- ISIN: US83406F1021
- Ticker: SOFI
- Primary exchange: Nasdaq
- Market capitalization: USD 18.9 billion (as of October 23, 2026)
- 52-week range: USD 13.86-32.73 (as of October 23, 2026)
- Sector / Industry: Financial Services / Credit Services
- Next earnings date: October 27, 2026
Market context: Market report S&P 500.
