Prediction: SoFi Stock Gains at Least 50% by the End of 2030
Headlines have undermined this ticker's performance of late. These problems aren't permanent, though.
SoFi Technologies (SOFI) has faced a challenging year for its stockholders, with its share price declining more than 50% over the past year. The company suffered a $28 million, 27% year-over-year decrease in revenue from its key technology platform customer, Chime, at the beginning of the year. SoFi has raised its full-year sales outlook but failed to raise its profit guidance, which has left investors concerned.
Despite the current struggles, there are reasons to believe that the stock could increase by at least 50% by the end of 2030. SoFi's earnings are still growing, as are its customer count, which reached a record-breaking 15.8 million in Q2, a 35% increase from the previous year. Analysts expect the company to achieve a per-share profit of $0.82 next year and $1.35 in 2029, before reaching $1.71 per share in 2030.
If the stock is valued at just 15 times the expected per-share profit in 2030, it would be trading around $25 per share, which is nearly 80% higher than its current price.
Additionally, consumer preferences are shifting towards digital banking, with 54% of respondents in a 2025 study preferring mobile apps over traditional banking methods. SoFi, which has built its business around this trend, is well-positioned to benefit from the continued mainstreaming of online banking. While the stock's recent weakness may be cyclical and market-related rather than a sign of the company's future, the potential for significant growth and the changing banking landscape suggest that SoFi shares could have a bright long-term outlook.
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