SoFi Seals Multi-Billion Dollar Deals To Fuel Personal Loan Boom

On Thursday, SoFi Technologies, Inc. (NASDAQ:SOFI) said it is expanding its Loan Platform Business (LPB) through three new partnerships expected to generate more than $3.6 billion in personal loan funding.

Details

This includes a transaction with a leading global bank for over $1 billion and a separate agreement with a financial services group for $600 million over the next 12 months.

Additionally, SoFi has secured terms with a top-five global asset management firm, expected to provide up to $2 billion over a two-year period.

These partnerships highlight the strong demand for personal loans and reflect SoFi’s strategy to drive capital-light, fee-based revenue by connecting borrowers with institutional capital.

Notably, in 2025, SoFi’s Loan Platform Business obtained more than $10 billion in commitments to boost strong borrower demand.

Muddy Waters Alleges Accounting Red Flags

Last week, Muddy Waters, led by Carson Block, labeled SoFi a “financial engineering treadmill.”

The report alleged that SoFi’s 2025 adjusted EBITDA was inflated by 90%. Muddy Waters suggested the true figure was $103 million rather than the reported $1.05 billion. The report also questioned loan charge-off rates and “Enron-esque” off-balance-sheet structures.

SoFi management characterized the claims as a “fundamental lack of understanding” of their business. The company also signaled intent to “explore potential legal action” against the firm.

Technical Analysis

Currently, SoFi is trading 10.1% below its 20-day simple moving average (SMA) and 33.7% below its 100-day SMA, indicating that the stock is struggling to regain upward momentum.

Over the past 12 months, shares have increased by 30.08% and are currently positioned closer to their 52-week lows than highs, reflecting a challenging market environment.

The RSI is at 23.98, which is considered oversold territory, suggesting potential for a rebound if buying interest increases. Meanwhile, the MACD shows a value of -1.0884, with the signal line at -1.0873, indicating bearish pressure on the stock.

The combination of oversold RSI and bearish MACD suggests mixed momentum, indicating that while the stock is oversold, there is still downward pressure.

• Key Resistance: $17.50
• Key Support: $15.00

Earnings & Analyst Outlook

SoFi Technologies is slated to provide its next financial update on April 28, 2026 (estimated).

• EPS Estimate: 12 cents (Up from 6 cents)
• Revenue Estimate: $1.05 billion (Up from $770.72 million)
• Valuation: P/E of 40.7x (Indicates premium valuation)

Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $24.38. Recent analyst moves include:

• Wells Fargo: Initiated with Equal-Weight (Target $19.00) (Mar. 19)
• Truist Securities: Hold (Lowers Target to $21.00) (Feb. 18)
• Citizens: Upgraded to Market Outperform (Target $30.00) (Feb. 9)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for SoFi Technologies, highlighting its strengths and weaknesses compared to the broader market:

• Growth: 93.39 — The stock shows strong growth potential compared to peers.
• Momentum: 12.83 — Indicates weak momentum, suggesting the stock is underperforming the broader market.

The Verdict: SoFi Technologies’ Benzinga Edge signal reveals a growth-heavy profile with weak momentum, indicating a potential for recovery if market conditions improve.

• Vanguard Small Cap ETF (NYSE:VB): 0.43% Weight
• Vanguard Small Cap Growth ETF (NYSE:VBK): 1.00% Weight
• ARK Fintech Innovation ETF (NYSE:ARKF): 3.92% Weight

Significance: Because SOFI carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

SOFI Price Action: SoFi Technologies shares were down 0.69% at $15.76 during premarket trading on Friday, according to Benzinga Pro data.

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