SOFI Stock Tested A Crucial Support Today – Is Retail Expecting The Levels To Hold?

• SoFi Technologies shares have struggled to regain momentum since crashing after its first-quarter results.
• The company’s unchanged FY2026 revenue forecast had dampened investor sentiment.
• Last week, Truist lowered its price target to $17 from $20 while maintaining a ‘Hold’ rating, citing weaker expectations from loan platform sales and technology platform business.

Shares of SoFi Technologies Inc. (SOFI), which have been trending down lately, fell more than 4% on Tuesday, testing a crucial support level last seen in early April, as investors debated whether a dip below the closely watched threshold is imminent.

SoFi Technologies shares slipped to an intraday low of $14.92 before rebounding above $15, revisiting levels last tested on April 2, when the stock bottomed at $14.93. 

Source: TradingView

What Is Retail’s Take On SOFI?

Retail sentiment on Stocktwits has remained ‘neutral’ for at least a week. SOFI was among the top trending tickers on the platform at the time of writing.

While a few users wondered if the stock would hold at its current levels, one user pegged $12 as the next crucial level.

Another user said the stock could find a “minor support” at around $12.5 if it closes below $15 on Tuesday.

SOFI Fails To Find Momentum After Q1 Results

SoFi Technologies shares fell sharply on April 29, suffering their steepest single-day decline of the year, and the stock has struggled to regain momentum ever since.

The company reported record quarterly revenue that easily topped Wall Street expectations, but investors remained cautious after revenue from its technology platform dropped 27%. Its unchanged 2026 outlook of $4.65 billion in revenue and earnings of around $0.60 per share did little to improve sentiment.

Last week, Truist analyst Matthew Coad lowered his price target to $17 from $20 while maintaining a ‘Hold’ rating, according to The Fly. Coad cited weaker expectations for the company’s loan-platform sales and technology-platform business.

SOFI shares have declined nearly 44% so far in 2026.

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