SoFi Technologies reported second-quarter GAAP net income of $156.59 million, a 61% year-over-year increase, alongside record loan originations of $14.80 billion and revenue of $1.218 billion. Despite these results, the stock is down 30.79% year-to-date, with the market focusing on flat adjusted EPS guidance of approximately $0.60 and a 23% decline in the Technology Platform segment following a large client departure. CEO Anthony Noto highlighted a target of 1 million SoFi Plus subscribers generating $120 million in annual revenue, while the consensus 12-month price target stands at $19.87. The article presents a bull case of $25.69 and a base case of $21.18, arguing that if EPS grows toward $0.85 to $1.00 by late 2027, shares could reach $30, though a consumer credit downturn remains a key risk.
