**Scotiabank Initiates Coverage of SoFi Technologies with Positive Outlook**
On September 2, 2026, Scotiabank began coverage of SoFi Technologies (NASDAQGS: SOFI) with a “Sector Outperform” rating. The average one-year price target for SoFi is $20.45 per share, reflecting a potential upside of 19.93% from its recent closing price of $17.05.
As of August 28, 2026, total shares owned by institutions rose by 0.65% to 813,662,000 shares, with 1,320 funds reporting positions in SoFi—an increase of 37.64% from the previous quarter. Vanguard and Goldman Sachs are notable shareholders, with Vanguard holding 57,929,000 shares and Goldman Sachs increasing its stake by 64.40% to 35,208,000 shares. The projected annual revenue for SoFi is $3.46 billion, indicating an 18.89% decrease, while the average non-GAAP EPS is projected at $0.00.
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