Scotiabank Initiates Coverage of SoFi Technologies (SOFI) with Sector Outperform Recommendation
Fintel reports that on September 2, 2026, Scotiabank initiated coverage of SoFi Technologies (NASDAQGS:SOFI) with a Sector Outperform recommendation.
Analyst Price Forecast Suggests 19.93% Upside
As of August 28, 2026, the average one-year price target for SoFi Technologies is $20.45/share. The forecasts range from a low of $12.12 to a high of $31.50. The average price target represents an increase of 19.93% from its latest reported closing price of $17.05 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SoFi Technologies is 3,462MM, a decrease of 18.89%. The projected annual non-GAAP EPS is 0.00.
What is the Fund Sentiment?
There are 1,320 funds or institutions reporting positions in SoFi Technologies. This is an increase of 361 owner(s) or 37.64% in the last quarter. Average portfolio weight of all funds dedicated to SOFI is 0.21%, an increase of%. Total shares owned by institutions increased in the last three months by 0.65% to 813,662K shares. 
The put/call ratio of is 0.50, indicating a bullish outlook.
What are Other Shareholders Doing?
Vanguard Capital Management holds 57,929K shares representing 4.49% ownership of the company. In its prior filing, the firm reported owning 57,109K shares , representing an increase of 1.42%. The firm decreased its portfolio allocation in SOFI by 2.21% over the last quarter.
Vanguard Portfolio Management holds 50,740K shares representing 3.93% ownership of the company. In its prior filing, the firm reported owning 50,975K shares , representing a decrease of 0.46%. The firm decreased its portfolio allocation in SOFI by 4.44% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 40,519K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 37,579K shares , representing an increase of 7.25%. The firm decreased its portfolio allocation in SOFI by 32.42% over the last quarter.
Goldman Sachs Group holds 35,208K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 12,533K shares , representing an increase of 64.40%. The firm increased its portfolio allocation in SOFI by 139.88% over the last quarter.
UBS Group holds 35,168K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 36,417K shares , representing a decrease of 3.55%. The firm decreased its portfolio allocation in SOFI by 7.57% over the last quarter.
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This story originally appeared on Fintel.