Benchmark upgrades SoFi Technologies stock to Strong Buy

Published on 10/20/2026 at 14:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Benchmark upgraded SoFi to Strong Buy on October 14, 2026. SoFi Technologies stock costs EUR 12.55 on October 20, 2026 ahead of October 27 results.

Catalyst and reporting date

Benchmark upgraded SoFi Technologies to Strong Buy on October 14, 2026.
Second-quarter 2026 revenue reached USD 1.21 billion, up 42.5 percent year over year.
SoFi Technologies stock traded at EUR 12.55 at 2:15 p.m. CEST at Lang & Schwarz on October 20, 2026.

SOFI, US83406F1021, Illustration mit AI erstellt.

SoFi Technologies (ISIN US83406F1021) was upgraded to Strong Buy by Benchmark in a research report dated October 14, 2026, while the stock traded at EUR 12.55 at Lang & Schwarz on October 20, 2026 at 2:15 p.m. CEST. According to MarketBeat, the upgrade came as investors weighed rapid revenue growth against heavy reinvestment.

Growth is meeting reinvestment

SoFi reported USD 1.21 billion in revenue for the second quarter of 2026, up 42.5 percent from the same quarter of 2025. The company also reported USD 0.12 in earnings per share, compared with USD 0.11 consensus, according to MarketBeat.

The same report cited full-year 2026 adjusted earnings-per-share guidance of USD 0.60. That combination gives the upgrade a clear test: SoFi must convert revenue expansion into stronger profitability while continuing to invest in its platform.

What does the upgrade mean?

Benchmark's move contrasts with a mixed analyst picture. Goldman Sachs set a USD 15.00 price target, while TD Cowen lowered its target from USD 18.00 to USD 17.50 on October 6, 2026, according to MarketBeat. The reported consensus rating was Hold with an average target of USD 22.20.

Three recent milestones

On July 29, 2026, SoFi reported second-quarter revenue of USD 1.21 billion and earnings per share of USD 0.12, according to MarketBeat. On September 29, 2026, SoFi scheduled its third-quarter report for October 27, 2026, at approximately 7:00 a.m. ET. On October 14, 2026, Benchmark upgraded the stock to Strong Buy.

Two dates for investors

SoFi Technologies scheduled third-quarter 2026 results for October 27, 2026, at approximately 7:00 a.m. ET, followed by the conference call at 8:00 a.m. ET.

Stock price and valuation context

SoFi's primary listing is Nasdaq, where the last available quote stood at USD 14.30 on October 19, 2026 at 4:00 p.m. ET. The 52-week range was USD 13.86 to USD 32.73, and market capitalization was USD 18.5 billion as of October 19, 2026. The euro quotation places the stock above its Nasdaq 52-week low in the source currencies, but the currencies are not directly comparable.

SoFi Technologies stock was trading at EUR 12.55 at Lang & Schwarz on October 20, 2026 at 2:15 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of SOFI stock.