Citizens Bank believes that the broad sell-off in technology stocks and underappreciated growth opportunities make shares of SoFi Technologies look especially compelling. The bank upgraded the fintech company to a market outperform rating from market perform. Analyst Devin Ryan also established a $30 price target, which implies that shares could rise 44% from here. SoFi stock has surged 40% over the past 12 months but has shed 20% this year. SOFI 1Y mountain SOFI 1Y chart Ryan believes that SoFi has fallen victim to the broader technology sell-off in recent weeks. However, he said that the pullback has also uncovered opportunities for investors to buy into businesses that are compounding at scale, rapidly diversifying revenue and expanding their product pipelines. “The stock has retraced to ~$21, after having traded to highs over $30 in late-2025, now down ~20% YTD. We believe the market’s recent risk-off rotation has penalized higher-growth/’speculative-adjacent’ narratives (e.g., crypto, software, AI), even as many macro proxies (e.g., regional banks) have held up and even moved higher in recent weeks,” Ryan wrote. “In short, we believe the stock has de-rated, while the business has continued to execute and broaden.” Ryan thinks that SoFi’s risk-reward ratio has improved materially since its January earnings report, citing its record scale indicator, profitability momentum, greater strategic flexibility and clearer earnings power growth. As a catalyst, the analyst wrote that SoFi is building a durable, multi-year compounding business by deepening primary customer relationships that drive higher lifetime value, lower acquisition costs and broader cross-selling. Ryan also applauded SoFi’s diversifying business mix, which means the company will be less dependent on pure balance-sheet spread income. He also pointed out that SoFi has several potential growth paths that could meaningfully boost earnings, but that Wall Street hasn’t fully priced these in yet. “Under-modeled innovation optionality is building (e.g., blockchain, AI, business banking). We believe the next leg of upside is likely to come from areas that remain only partially modeled,” the analyst wrote.