SoFi's Record Loan Originations Aren't Winning Over Wall Street. Here's the Disconnect.

SoFi Technologies achieved record loan originations of $12.2 billion in Q1 2026, up 68% year-over-year, with adjusted net revenue up 41% and membership expanding to 14.7 million. However, Wall Street remains skeptical—Truist Financial cut its price target from $20 to $17, citing concerns about Q2 revenue weakness in the technology platform segment due to a lost client. Despite the analyst downgrade, the article argues the stock's 44% decline from its peak presents a compelling entry point at a forward P/E of 29.6, given strong growth fundamentals.