Truist raised its price target on SoFi Technologies Inc. to $18 from $17 ahead of the company’s second-quarter results expected on July 29, giving SOFI stock a fresh boost on paper even as the shares remain deep in the red this year. The new target implies about 9% upside from the last close, but Truist kept a Hold rating on the stock.
The move matters because investors are now counting down to a results date that could reset expectations for a name that has struggled all year. Goldman Sachs already lifted its target to $21 from $17 earlier in July and kept a Neutral rating, while Koyfin data showed the average analyst target at $20.63, or about 25% above the last close, with 7 of 23 analysts rating the shares Buy or better, 12 at Hold and 4 at Sell or worse.
The backdrop is solid enough to explain the renewed interest. Fiscal.ai data showed analysts expect SoFi to post $1.11 billion in 2Q revenue, up nearly 30% from a year earlier, alongside earnings per share of $0.11, more than 37% higher. Those estimates have helped push analyst targets higher, but they have not yet fixed the bigger problem for shareholders: SoFi Technologies Inc. shares have fallen about 40% in 2026 and more than 21% over the last year, with the stock red in 4 out of 6 months and heading for another losing month.
That gap between Wall Street’s improving view and the market’s verdict is the real story. SOFI stock is still weak even after the target increases, and retail sentiment on Stocktwits was bearish with message volume low as the earnings date approached. SoFi reports just hours before the Federal Open Market Committee decision, which means the company’s numbers and guidance could land in a market that is already primed to move fast.
For now, the question is not whether analysts are getting more constructive. They are. The question is whether SoFi’s July 29 report can do what the target hikes have not: persuade investors that the year-to-date slide is more than justified by caution.
Earlier in July, Goldman Sachs raised its price target on SoFi Technologies to $21 from $17 and maintained a Neutral rating.
As of the article's publication, analysts expected SoFi to report $1.11 billion in quarterly revenue and $0.11 in earnings per share.
As of the article's publication, SOFI stock was down about 40% in 2026 and more than 21% over the last year.
SoFi Technologies is approaching its second-quarter results release on July 29.
The stock has been weak in 2026 even as analysts have recently raised price targets.
Retail investors on Stocktwits were bearish and trading discussion volume was low at the time of writing.
