SoFi (SOFI) stock has experienced significant volatility this year amid broader market fluctuations. However, being a high-beta name, the stock’s price action has been significantly more volatile than the broader markets, swinging between $6.01 and $18.42 this year. Currently, the stock is sitting just under $15 and has failed to decisively break above that price level since February. In this article, we’ll explore whether SoFi is a buy now as the fintech stock falls amid conflict in the Middle East.

To begin with, SoFi is among those rare companies from the once-popular special purpose acquisition company (SPAC) merger ecosystem that are not only surviving, but thriving. The operating environment was hardly friendly for SoFi after the merger, and with interest rates at multi-year highs, geopolitical tensions, an extended moratorium on student loan repayments, and a macroeconomic slowdown, SoFi has battled several challenges as a publicly-traded company.

SoFi Is Growing at a Brisk Pace

However, it has proved its mettle and has balanced top-line and bottom-line growth quite seamlessly. With many former growth stocks and pandemic-era darlings struggling for growth, SoFi has been posting strong double-digit revenue growth, and the pace expanded to a five-quarter high of 33% in Q1 2025. The member growth has been nothing short of exemplary, and the company ended March with 10.9 million members after adding a record 800,000 new members in the quarter. To put that in perspective, SoFi had just over 1 million members at the end of Q1 2020, which means that the count has swelled over 10x in five years.

While some companies sacrifice profits at the altar of top-line growth, SoFi has turned profitable and has posted GAAP profits for six consecutive quarters. It posted an EPS of $0.06 in Q1 and raised its 2025 EPS guidance to between $0.27 and $0.28.

Furthermore, it previously guided for a 2026 EPS of between $0.55 and $0.80. The company is optimistic about delivering annual EPS growth of 20%-25% beyond 2026. Those following SoFi would agree that the company has met its guidance more often than not and has frequently upwardly revised its forecasts, so I have no reason to believe otherwise with its long-term projections.

SoFi Has Been a Story of Strong Execution

What SoFi has achieved over the last five years is a story of resilience and near-impeccable execution under CEO Anthony Noto. The company has adapted to changing times and made several strategic pivots that helped grow its business. These include acquiring Golden Pacific Bancorp in 2022, launching a flurry of new products, and diversifying as a loan aggregator where it originates loans for third parties. Management has been quite conservative and went slow on personal loans last year amid fears of high delinquencies.

These measures helped uplift SoFi’s revenues and helped it become profitable. For instance, before becoming a bank – which gave it access to low-cost customer deposits – SoFi used to borrow from other banks at a much higher rate. Over the long term, SoFi is targeting 85%-90% of its funding from depositor funds, which would help it improve its margins even further. Overall, the company has impressed with strong execution and kept promises by frequently beating its guidance.

SoFi Stock Forecast

Despite SoFi’s seemingly positive outlook, it never found much love from sell-side analysts. The stock is currently covered by 20 analysts as tracked by Barchart, of which only five rate it as a “Strong Buy” and two as a “Moderate Buy.” Nine analysts rate SoFi as a “hold,” while two each as a “Moderate Sell” and “Strong Sell.” The stock trades above its mean target price of $13.97, but the Street-high target price of $20 is 34.2% higher than the June 12 closing price. 

Is SoFi Stock a Buy?

As I noted in a previous article, SoFi’s valuations seem to be he breaking point with Wall Street analysts. The stock trades at a forward price-earnings (P/E) multiple of 55.1x with a price-to-book value of 2.49x. Both these multiples would look exorbitantly high for a bank.

However, it isn’t prudent to compare SoFi’s valuation to large and mature banks as the company is growing at a much faster pace both on the top line as well as the bottom line. Also, SoFi gets a high (and rising) share of its revenue from non-lending-based ventures, which warrants higher multiples, particularly on book value. Finally, at less than 19x the top end of its 2026 EPS guidance, SoFi’s valuations don’t look bloated, especially if the company can deliver on the kind of EPS growth that it is forecasting after 2026. 

I continue to remain invested in SoFi and added more shares during the recent meltdown. With the U.S. markets now looking weak amid the tensions in the Middle East and the positive story around trade and tariffs mostly played out, I will be on watch for any further weakness in SoFi to scoop up more shares below $15.