Prediction: SoFi Technologies Stock Will Double Within 1 Year
Written by Matt Frankel for The Motley Fool -> SoFi stock is down about 50% from its 52-week high. Rising rates and a couple of unanswered questions are largely to blame. SoFi is growing rapidly and could be a bargain at the current price. Just eight months ago, SoFi (NASDAQ:
Rising rates and a couple of unanswered questions are largely to blame.
SoFi is growing rapidly and could be a bargain at the current price.
Just eight months ago, SoFi (NASDAQ: SOFI) was trading for nearly $33 per share. Today, it trades for about half of that price, despite posting 41% revenue growth, record loan originations, rapidly growing profitability, and excellent progress in cross-selling products to its existing membership base.
So, why is there such a disconnect between SoFi's stock performance and the growth of its business? To be fair, the stock is down for a reason -- actually, several of them, which I'll discuss in a bit. But I'm making a bold prediction that SoFi will return to its previous highs, more than doubling from its current level, within one year.
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Before we go further, it's important to understand what triggered the 50% decline from the highs. And there isn't just one reason. Just to name a few:
There are a few other negative catalysts, including being passed over for S&P 500 inclusion and a short-seller report from Muddy Waters Research.
As mentioned earlier, SoFi's recent results have been excellent. In the first quarter of 2026, SoFi reported 41% year-over-year revenue growth, 35% growth in its membership base to 14.7 million, an all-time high of $12.2 billion in loan origination volume, and net income more than doubling year-over-year.
