SoFi Technologies stock fell 1.01 percent as TD Cowen cut target

Published on 10/07/2026 at 06:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SoFi stock fell 1.01 percent on October 6, 2026, while TD Cowen lowered its target to USD 17.50. Q2 adjusted net revenue rose 40 percent to USD 1.2 billion.

SOFI, US83406F1021, Illustration mit AI erstellt.

SoFi Technologies stock (ISIN US83406F1021) fell 1.01 percent to USD 15.76 on Nasdaq on October 6, 2026, after trading between USD 15.73 and USD 16.16. The move followed Markets Insider reporting that TD Cowen cut its price target from USD 18.00 to USD 17.50 on October 6 while maintaining a Hold rating.

TD Cowen trims its target

TD Cowen's move lowers the target by USD 0.50, or 2.78 percent, as the firm prepared its third-quarter earnings preview. The revised target remains USD 1.74 above the October 6 Nasdaq price, equal to a 11.0 percent premium.

The timing gives the analyst action a clear checkpoint. SoFi Technologies announced on September 29 that it will publish third-quarter 2026 results on October 27, 2026, followed by a conference call at 8:00 a.m. ET.

Q2 growth meets credit scrutiny

SoFi's second-quarter adjusted net revenue rose 40 percent year over year to USD 1.2 billion, while GAAP net income increased 61 percent to USD 156.6 million, according to Yahoo Finance on October 6. Fee-based revenue reached USD 472.3 million, or 39 percent of adjusted net revenue.

The same report placed second-quarter lending segment net revenue at USD 724.8 million, up 63 percent, with loan originations reaching USD 14.8 billion. Personal-loan charge-offs fell to 2.62 percent from 3.03 percent in the prior quarter, but the faster lending pace keeps credit performance central to the next results release.

Consensus target stays above Nasdaq price

Investing.com lists a Neutral consensus from 25 analysts, with an average 12-month price target of USD 20.35, a high of USD 30.00 and a low of USD 12.00. Against the October 6 Nasdaq price of USD 15.76, the average target lies 29.1 percent above the price.

That spread leaves the October 27 report as the next measurable test for the growth narrative. The market capitalization stood at USD 20.2 billion on October 6, while the 52-week range ran from USD 14.88 to USD 32.73.

SoFi stock stays near its yearly low

SoFi stock was last at USD 15.76 on Nasdaq on October 6, 2026, with volume of 38,965,826 shares. The price was USD 0.88 above the 52-week low, keeping credit quality, fee growth and the third-quarter figures at the center of the valuation debate.