Citigroup lowered its price target for SoFi Technologies from $37 to $30 while maintaining a Buy rating. The firm attributed the reduction to multiple compression across the lending technology sector rather than internal performance.
SoFi reported a 43% year-over-year revenue increase for the first quarter. The company achieved record member growth and surpassed consensus analyst estimates.
Shares declined following the report as management maintained its full-year 2026 guidance. Investors had anticipated an upward revision to long-term targets following the quarterly beat.
Separately, Danish pension fund PFA Pension Forsikringsaktieselskab disclosed a new position in the company.