SoFi's Record Loan Originations Aren't Winning Over Wall Street. Here's the Disconnect.
The once-booming fintech stock currently trades 44% below its record.
Overview
During the first three months of 2026, SoFi Technologies (NASDAQ: SOFI) originated $12.2 billion in combined personal, student, and home loans. While this figure was up 68% year over year and established a new company record, it didn't please investors.
Matthew Coad, a research analyst at Truist Financial, cut the firm's price target for SoFi from $20 to $17. He expects weaker Q2 revenue from the loan platform segment.
Details
The downgrade was also the result of the company's technology platform segment registering a 27% revenue decline. This was due to the loss of an important client, although the total number of accounts fell 16% from Q1 2025.
Source
Originally published at www.fool.com.