SoFi Technologies (SOFI) Labelled as a “Digital Leader Sitting at the Nexus” by Wells Fargo

SoFi Technologies Inc. (NASDAQ:SOFI) is one of the 15 large cap stocks under $30 with huge upside potential.

On March 19, Wells Fargo started coverage on SoFi Technologies Inc. (NASDAQ:SOFI) with an Equal Weight rating. The firm set a price target of $19 on the shares, resulting in an upside potential of almost 11% at the prevailing level.

Wells Fargo views the company as a digital leader at the intersection of technology and financial services, but said its neutral stance reflects valuation concerns and risks tied to loan sales despite strong earnings growth.

On March 17, Muddy Waters published a short report claiming that SoFi Technologies Inc. (NASDAQ:SOFI) is a financial-engineering treadmill rather than a healthily growing origination business. Although SoFi reported an annualised net charge-off rate of 2.80% in Q4 2025, Muddy Waters estimates an adjusted charge-off rate of nearly 6.10%, suggesting an adjusted 2025 default rate of roughly 6.30% to 7.37%, which is over 50% higher than the 4.28% to 4.46% that SoFi really used.

The firm concluded that SoFi’s serial stock issuances are motivated by management’s effective payment for diluting shareholders. According to Muddy Waters, management has secured almost $58 million in stock gains through prepaid variable forward contracts; however, CEO Noto has not sold any SoFi stock, according to 8-K filings. SoFi shares dropped 64 cents, or around 4%, to $16.99 in midday trading.

SoFi Technologies Inc. (NASDAQ:SOFI) is a financial services company that delivers financial technology solutions, lending, and other services. It covers different types of loans, including housing, personal, and student loans. The company also enables its members to borrow money and offers savings and investment solutions as well.

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