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SoFi Technologies, Inc. (NASDAQ:SOFI) is among the most traded US stocks so far in 2026. On May 12, Matthew Coad, an analyst at Truist, trimmed the price target on SoFi Technologies, Inc. (NASDAQ:SOFI) to $17 from $20 and maintained a Hold rating. This downward revision was attributed to lower Q2 revenue estimates due to sales assumptions and weaker expectations for the company’s technology platform segment.

Previously, Dan Dolev from Mizuho cut the price target on SoFi Technologies, Inc. (NASDAQ:SOFI) to $29 from $38 and maintained an Outperform rating. This follows the company’s Q1 report, which the firm views as “solid.” The company’s member growth “remained robust,” the firm said, while reducing estimates for this year and the next.

Pixabay/Public Domain

Overall, the company has an impressive quarterly revenue growth (YoY) of 42.50% and quarterly earnings growth (YoY) of 134.40%. Yet, it remains overvalued at its current P/E ratio (ttm) of 34.86. The company is a Buy for 31% of analysts, Neutral for 50%, and bearish for the remaining 19%. That said, SoFi Technologies, Inc. (NASDAQ:SOFI) is among the most traded US stocks so far in 2026.

SoFi Technologies, Inc. (NASDAQ:SOFI) is a California-based provider of financial services. Founded in 2011, the company operates through Lending, Technology Platform, and Financial Services segments.

While we acknowledge the potential of SOFI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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