SOFI Stock Heads For Best Week Since November — How Much More Upside Is Likely?

• The company’s stock has gained despite a recent report from short-seller Carson Block that alleged that its profit for a specific period was fake.
• Meanwhile, a Seeking Alpha report from earlier said that SoFi presented a compelling opportunity to buy on its steep correction.
• According to data from Fiscal.ai, analysts expect the company to post quarterly revenues of $1.05 billion for Q1 2026, a growth of about 36% year-on-year.

Shares of SoFi Technologies Inc. (SOFI) have jumped higher this week, gaining more than 15%, and gearing up for the best week since late November if the gains hold.

The company’s stock has gained despite a recent report from short-seller Carson Block that alleged that its profit for a specific period was fake, and even likened SoFi to bankrupt Enron.

However, Wall Street and retail traders are bullish on the stock on its expanded digital assets offering, as well as optimism over its upcoming earnings results.

What Is Wall Street Saying?

Earlier on Wednesday, Argus initiated coverage of SoFi Technologies with a ‘Hold’ rating, according to TheFly.

According to data from Koyfin, eight out of 24 analysts who cover SOFI stock have a ‘Buy’ rating, while 12 have a ‘Hold’ rating. Meanwhile, the company’s shares have a 12-month average price target of $23.52, indicating an upside potential of about 25.20% from its last close.

Meanwhile, a Seeking Alpha report from earlier in the day said that SoFi presented a compelling “buy-the-dip opportunity” on its steep correction, given its intact fundamentals and growth prospects.

Earlier this month, Keefe Bruyette reiterated an ‘Underperform’ rating with a $20 price target on SoFi Technologies after it expanded its digital asset offerings with SoFi Big Business Banking, as per TheFly. Keefe also said that it was "impressed" with the initial list of participants, including top cryptocurrency companies and Mastercard. The analyst said that it believes SoFi is in a "unique position to connect infrastructure across traditional finance and digital assets as one of the first movers into the space among federally regulated banks."

What Is Retail Saying?

On Stocktwits, retail sentiment around SOFI stock improved to ‘bullish’ from ‘neutral’ territory over the past 24 hours, even as message volumes stayed at ‘normal’ levels.

One bullish user predicted that the company would post double-beats on its upcoming earnings report and also raise guidance beyond expectations.

Another bullish user predicted that SOFI stock would soar to over $25 per share after earnings, indicating an upside potential of about 33%. The company is slated to report its first-quarter (Q1) 2026 results on April 29.

Earnings Expectations

According to data from Fiscal.ai, analysts expect the company to post quarterly revenues of $1.05 billion for Q1 2026, a growth of about 36% year-on-year. Meanwhile, earnings are expected to come in at $0.12 per share, double of what SoFi posted in the corresponding quarter of 2025.

Meanwhile, the company said that it expects to post revenue of about $1.04 billion in the upcoming quarter and adjusted net income of about $160 million or $0.12 per share.

Over the medium term, the company said that it expects to deliver compounded annual growth in adjusted net revenue of at least 30% from 2025 to 2028.

SOFI stock has gained more than 71% in the past year. Meanwhile, the ARK Blockchain & Fintech Innovation ETF (ARKF), which invests in companies across the fintech innovation sectors, has surged more than 28% in the same period.

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