economy
February 9, 2026
Citizens turns bullish on this fintech stock, says risk-reward has improved after tech sell-off
Citizens Bank's $30 price target implies that shares of SoFi Technologies could rally 44% from here.
TL;DR
- Citizens Bank upgraded SoFi Technologies to market outperform with a $30 price target.
- The upgrade is based on underappreciated growth opportunities and a favorable risk-reward ratio after the tech stock sell-off.
- SoFi's stock has surged 40% over the past 12 months but is down 20% year-to-date.
- Analyst Devin Ryan notes SoFi's compounding growth, diversified revenue, and expanding product pipeline.
- Ryan believes SoFi's risk-reward has improved due to record scale, profitability momentum, strategic flexibility, and clearer earnings power growth.
- Potential catalysts include deepening customer relationships, a diversifying business mix reducing reliance on spread income, and innovation in blockchain, AI, and business banking.
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