On Thursday, SoFi Technologies, Inc. (NASDAQ:SOFI) said it is expanding its Loan Platform Business (LPB) through three new partnerships expected to generate more than $3.6 billion in personal loan funding.
Details
This includes a transaction with a leading global bank for over $1 billion and a separate agreement with a financial services group for $600 million over the next 12 months.
Additionally, SoFi has secured terms with a top-five global asset management firm, expected to provide up to $2 billion over a two-year period.
These partnerships highlight the strong demand for personal loans and reflect SoFi’s strategy to drive capital-light, fee-based revenue by connecting borrowers with institutional capital.
Notably, in 2025, SoFi’s Loan Platform Business obtained more than $10 billion in commitments to boost strong borrower demand.
Muddy Waters Alleges Accounting Red Flags
Last week, Muddy Waters, led by Carson Block, labeled SoFi a “financial engineering treadmill.”
The report alleged that SoFi’s 2025 adjusted EBITDA was inflated by 90%. Muddy Waters suggested the true figure was $103 million rather than the reported $1.05 billion. The report also questioned loan charge-off rates and “Enron-esque” off-balance-sheet structures.
SoFi management characterized the claims as a “fundamental lack of understanding” of their business. The company also signaled intent to “explore potential legal action” against the firm.
Technical Analysis
Currently, SoFi is trading 10.1% below its 20-day simple moving average (SMA) and 33.7% below its 100-day SMA, indicating that the stock is struggling to regain upward momentum.
Over the past 12 months, shares have increased by 30.08% and are currently positioned closer to their 52-week lows than highs, reflecting a challenging market environment.
The RSI is at 23.98, which is considered oversold territory, suggesting potential for a rebound if buying interest increases. Meanwhile, the MACD shows a value of -1.0884, with the signal line at -1.0873, indicating bearish pressure on the stock.
The combination of oversold RSI and bearish MACD suggests mixed momentum, indicating that while the stock is oversold, there is still downward pressure.
- Key Resistance: $17.50
- Key Support: $15.00
Earnings & Analyst Outlook
SoFi Technologies is slated to provide its next financial update on April 28, 2026 (estimated).
- EPS Estimate: 12 cents (Up from 6 cents)
- Revenue Estimate: $1.05 billion (Up from $770.72 million)
- Valuation: P/E of 40.7x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $24.38. Recent analyst moves include:
- Wells Fargo: Initiated with Equal-Weight (Target $19.00) (Mar. 19)
- Truist Securities: Hold (Lowers Target to $21.00) (Feb. 18)
- Citizens: Upgraded to Market Outperform (Target $30.00) (Feb. 9)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for SoFi Technologies, highlighting its strengths and weaknesses compared to the broader market:
- Growth: 93.39 — The stock shows strong growth potential compared to peers.
- Momentum: 12.83 — Indicates weak momentum, suggesting the stock is underperforming the broader market.
The Verdict: SoFi Technologies’ Benzinga Edge signal reveals a growth-heavy profile with weak momentum, indicating a potential for recovery if market conditions improve.
- Vanguard Small Cap ETF (NYSE:VB): 0.43% Weight
- Vanguard Small Cap Growth ETF (NYSE:VBK): 1.00% Weight
- ARK Fintech Innovation ETF (NYSE:ARKF): 3.92% Weight
Significance: Because SOFI carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
SOFI Price Action: SoFi Technologies shares were down 0.69% at $15.76 during premarket trading on Friday, according to Benzinga Pro data.
Photo via Shutterstock
