Wells Fargo raises target for SoFi stock from USD 17 to USD 18

Published on 10/29/2026 at 13:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue rose 44.4 percent to USD 1.37 billion. SoFi stock stood at EUR 15.08 on October 29, 2026, with USD 21.2 billion market value.

Growth and outlook figures

SoFi reported USD 241.0 million in GAAP net income for the third quarter of 2026.
Members reached 17.1 million in the third quarter of 2026, up 35 percent year over year.
SoFi expects USD 6.4 billion of adjusted net revenue for 2027, implying 27 percent growth.

SOFI, US83406F1021, Illustration mit AI erstellt.

Wells Fargo raised its target for SoFi from USD 17.00 to USD 18.00 in a report dated October 28, 2026, as MarketBeat reported. The move followed SoFi's third-quarter release and leaves the bank's equal-weight rating unchanged.

Quarterly growth broadened

SoFi reported GAAP net revenue of USD 1.39 billion for the third quarter of 2026, up 44 percent from the prior-year period, according to Business Wire. GAAP net income reached USD 241.0 million, while diluted earnings per share came to USD 0.18. Adjusted EBITDA rose 70 percent to USD 469.8 million, producing a 34 percent margin.

The release also showed broader customer activity. SoFi added 1.2 million members during the quarter, lifting the total to 17.1 million, while total products reached 26.7 million after growing 44 percent year over year.

What supports the higher outlook?

Management raised 2026 adjusted net revenue guidance to USD 5.04 billion, representing 40 percent annual growth, and set adjusted EBITDA guidance at USD 1.66 billion. The company also introduced a 2027 outlook of USD 6.4 billion in adjusted net revenue and USD 2.24 billion in adjusted EBITDA, according to Business Wire.

Loan demand remained a key operating engine. Third-quarter loan originations reached USD 16.9 billion, up 71 percent year over year, while deposits increased USD 5.8 billion to USD 51.3 billion. The technology platform was a counterweight, with segment revenue declining 24 percent year over year to USD 87.4 million.

The euro quote and market value

SoFi Technologies has a market capitalization of USD 21.2 billion, while its 52-week range was USD 13.86 to USD 32.73 as of October 28, 2026. The figures and risk discussion were reported by MarketBeat.

SoFi stock was trading at EUR 15.08 at Lang & Schwarz on October 29, 2026 at 1:43 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of SoFi stock.