SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher on Thursday.
This news comes as the broader market experienced declines, with major indices like the Nasdaq and S&P 500 both sliding, adding pressure to the stock.
In a press release, Templum and SoFi revealed the launch of a limited-time private market investment window for accredited investors to access Colossal Biosciences, OpenAI, and Perplexity AI through the Cosmos Fund.
The three offerings, which will run from March 5 through March 30, represent the latest opportunities from the Cosmos Fund, which is designed to provide differentiated access to category-defining private companies for qualified investors.
The announcement comes alongside SoFi's expanding stablecoin initiative through a new infrastructure partnership with BitGo Holdings, Inc. (NYSE:BTGO).
Stablecoin Infrastructure Partnership
SoFi Bank selected BitGo Bank & Trust to provide stablecoin infrastructure and help distribute SoFiUSD, a U.S. dollar-pegged stablecoin.
SoFiUSD is the first stablecoin issued by a U.S. nationally chartered, FDIC-insured deposit bank on a public, permissionless blockchain.
BitGo will power issuance via its Stablecoin-as-a-Service platform and work with payments providers and exchanges to broaden institutional access.
Earnings & Analyst Outlook
SOFI is slated to provide its next financial update on April 28, 2026.
- EPS Estimate: 12 cents (Up from 6 cents)
- Revenue Estimate: $1.05 billion (Up from $770.72 million)
- Valuation: P/E of 47.9x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $24.72. Recent analyst moves include:
- Truist Securities: Hold (Lowers Target to $21.00) (Feb. 18)
- Citizens: Upgraded to Market Outperform (Target $30.00) (Feb. 9)
- JP Morgan: Upgraded to Overweight (Target $31.00) (Feb. 3)
SOFI Price Action: SoFi Technologies shares were up 2.86% at $19.23 at the time of publication on Thursday, according to Benzinga Pro data.
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