SoFi Technologies reported record second-quarter 2026 results, with loan originations rising 69% year over year and 51% of new products opened by existing members. Management called the quarter an inflection point, citing fee-based revenue growth and a member count of 15.8 million, as the company leans on its bank charter to fund loans with its own deposits. The narrative projects $7.7 billion in revenue and $1.6 billion in earnings by 2029, requiring 21.6% yearly revenue growth and roughly a $1.0 billion increase from $636.3 million today, yielding a $20.34 fair value and 20% upside. Some of the lowest-ranked analysts expect revenue of about US$6.0 billion and earnings around US$1.0 billion by 2029, arguing the stock deserves a lower multiple and warning that persistent high rates could keep loan demand under pressure. Investors are also watching rising net charge offs and higher rates as risks to SoFi's lending growth.
SoFi Technologies Inc.Q2 2026 loan originations jumped 69% year over year with 51% cross-buy, signaling strong end-customer demand for SoFi's lending products.
