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SoFi shares drop 40% despite strong loan growth and new stablecoin launch with Mastercard.

Market News
21 May 2026
24/7 Wall Street
View Source
Neutral
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SoFi Technologies' shares have fallen 40% year to date, trading at $15.69, despite a 68% increase in loan originations and launching a stablecoin settled by Mastercard. The decline is due to multiple compression and rising credit charge-offs, with technology platform revenue down 27% after losing a major client. Analysts are divided, with a consensus target of $21.10, while the company's management projects strong earnings growth through 2028. Reaching $50 per share by 2030 is possible but requires high EPS growth, successful scaling of new business lines, and stable credit conditions. The main risk is a recession that could increase loan defaults and shrink SoFi's loan portfolio.

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