Citigroup Spots ’Multiple Tailwinds’ for SOFI Stock—Hikes Price Target to $28

Wall Street giant Citigroup just turbocharged its outlook on SOFI stock, citing multiple tailwinds and lifting its price target to $28.

Breaking Down the Bull Case

The upgrade signals strong institutional confidence in SOFI’s growth trajectory. Citigroup’s analysis points to favorable market conditions and company-specific catalysts aligning—a rare combo in the often-overhyped fintech space.

Why $28 Matters

That revised target isn’t just a random number—it reflects a substantive reassessment of SOFI’s potential in a shifting financial landscape. No fluff, no vague optimism—just a hard-nosed valuation bump from one of finance’s heavyweights. Because sometimes, even bankers get it right.

Timing the Tailwinds

Multiple factors are converging: sector momentum, product expansion, and maybe even a touch of market irrationality. It’s almost as if someone on the desk finally looked up from their Bloomberg terminal and noticed things were moving.

Final Take

Citigroup’s move adds serious fuel to SOFI’s rally. Whether it’s smart analysis or just another price target chasing momentum—well, that’s finance for you. Always forward, never straightforward.

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What Are These Multiple Tailwinds?

The 4-star analyst sees momentum continuing in four key areas. First, private credit is fueling SoFi’s high-margin loan platform. Second, consumer credit trends remain steady, providing stability to the business. Third, the company’s technology business is set to expand in 2026, aided by a new client expected to contribute about 10% of revenue. Fourth, crypto products are making a comeback, with new features like low-cost money transfers that can boost engagement and deposits.

The analyst also noted that SoFi’s $11–12 billion in forward FLOW deals have already helped grow membership and margins. He believes the return of crypto could have a similar impact, improving retention and adding new use cases, which could further lift profitability.

Top Analyst Updates His FY25 and FY26 Estimates

After reviewing SoFi’s recent 10Q and its $1.6 billion equity raise, Shirvaikar updated his estimates. For FY25, he now expects adjusted net revenue of $3.43 billion, slightly ahead of the company’s guidance of $3.38 billion. He also projects adjusted EBITDA of $975 million and GAAP net income of $388 million, slightly above management’s outlook.

For FY26, he projects adjusted EBITDA of $1.42 billion and GAAP net income of $700 million. While these are 2–3% below consensus, he still expects margins to climb close to 50%, well above SoFi’s ~30% guide, helped by loan growth and a lift from crypto products.

Analyst Removes ‘High-Risk’ Rating

Overall, Shirvaikar believes SoFi should now trade at a higher multiple, supported by margin gains and the chance of upward revisions. With stronger capital, expanding products, and steady credit performance, he expects SoFi to deliver both growth and profitability.

As a result, he raised his price target to $28 and removed the “High Risk” label from the stock.

Is SOFI a Good Stock to Buy? 

Overall, Wall Street is sidelined on SoFi Technologies stock, with a Hold consensus rating based on seven Buys, 10 Holds, and four Sell recommendations. The average SOFI stock price target of $20.79 indicates a 7.6% downside risk from current levels.