Updated 14 November 2026, 07:00 GMT. SoFi Technologies (SOFI) closed Friday at $15.42, down $0.21 or 1.34 percent, its third straight lower close (Morningstar, Yahoo Finance). Verdict: being named one of six retail brokers for the Anthropic IPO has not lifted the shares, which are down about 5 percent since Wednesday. The IPO is expected to price on 18 November and trade on 19 November. Reference levels for the week: $17 above, $13.86 below.
Key facts
- Friday close: $15.42, down 1.34 percent from Thursday’s $15.63 (Morningstar, MarketBeat, Yahoo Finance).
- Two-day move: down from Wednesday’s $16.27 close, about 5.2 percent.
- Intraday: down 3.13 percent at one point on Friday, below its key moving averages (Traders Union).
- 52-week range: $13.86 to $31.75 (Robinhood).
- Anthropic IPO: 825 million Class A shares at $70 to $78, pricing on or about 18 November, Nasdaq trading under ANT expected from 19 November (Anthropic). Up to 20 percent of shares may go to retail investors through six brokers, SoFi among them (amended S-1, 10 November).
- Analysts: average 12-month target of about $21 with a Hold consensus; $20.84 at StockAnalysis, $21.27 at MarketBeat.
Why the Anthropic news has not helped the stock
Anthropic’s amended S-1 named Charles Schwab, Fidelity, Robinhood, TradePMR, SoFi and E*Trade as retail distributors. Search interest in SoFi stock rose sharply after the filing. The share price did not: SOFI fell 0.61 percent on Wednesday, 3.93 percent on Thursday and 1.34 percent on Friday. Our Thursday SoFi page covered the filing.
The reason is the size of the benefit. SoFi does not disclose what it earns from distributing IPO shares, and it warns that the number of shares it receives may not cover every customer request. Demand looks large. Bloomberg-sourced reports said the institutional book was several times oversubscribed by Thursday, and on 13 November Polymarket gave about 93 percent odds that ANT trades on 19 November. Heavy demand usually means small retail allocations. The likely gain for SoFi is new members and cash moving onto its investing platform, which shows up in later quarters, not in next week’s revenue.
The wider market did not help either. Growth and tech stocks sold off after Nvidia’s CEO resigned on 12 November, and hot US inflation data this week raised the chance of a Federal Reserve rate increase in December. Higher rates are a headwind for a lender like SoFi. Robinhood, the other listed broker in the deal, is covered on our Robinhood page.
The Anthropic timetable for SoFi customers
Anthropic launched its roadshow on 10 November with a $70 to $78 range. At the top of the range the deal would raise about $64 billion before costs and value the company at about $1.4 trillion on a fully diluted basis, according to Bloomberg. Eligible SoFi Invest members can request shares in the app at the IPO price. A request is not a guaranteed purchase, and customers need the cash in their account to cover what they ask for. We could not confirm SoFi’s own cut-off time for requests; check the request screen in the app. Our Anthropic IPO date page has the full schedule.
The business behind the stock
SoFi reported its third quarter on 27 October. GAAP net revenue rose 44 percent to $1.385 billion, adjusted EBITDA rose 70 percent to $470 million and net income was $241 million. Members rose 35 percent to 17.1 million, with a record 1.2 million added in the quarter (SoFi 8-K). Management raised its 2026 adjusted net revenue guide to $5.04 billion and gave a first 2027 outlook of $6.4 billion, with EPS of $0.90. Our SoFi Q3 results page has the breakdown.
Analysts are split. Citi has the highest target at $30, and Scotiabank raised its target to $26 with an Outperform rating. UBS ($22, Neutral) and Monness Crespi ($22, Buy) also raised theirs. TD Cowen, Wells Fargo and Goldman Sachs are at $18, Truist at $17 with a Hold, and Keefe, Bruyette & Woods has an Underperform rating with the lowest target at $15 or $16 (sources differ on its latest change).
SoFi stock: bull, base and bear for the week ahead
| Scenario | SOFI | What has to happen | Anchor |
|---|---|---|---|
| Bear | $13.86 | Tech selling continues, rate-hike bets rise and the IPO brings SoFi little attention. | The 52-week low of $13.86 (Robinhood); about 10.1 percent below $15.42. |
| Base | $15-$16.30 | The stock trades between the low-target area and Wednesday’s close while the IPO prices. | Keefe, Bruyette & Woods’ $15 target and Wednesday’s $16.27 close. |
| Bull | $17 | A smooth Anthropic debut brings in new investing accounts and fintech stocks rebound. | Truist’s $17 target; about 10.2 percent above $15.42. |
The bear case sits below the current price. These are reference levels measured from Friday’s close, not forecasts. The roughly $21 average analyst target is a 12-month view and sits above every level in this table.
What to watch
- Tuesday 17 November: Nvidia’s results, the next test for tech sentiment.
- Wednesday 18 November: Anthropic’s expected pricing, and whether it lands inside or above the $70 to $78 range.
- Thursday 19 November: ANT’s expected first trade, and any comment from SoFi on customer demand or new accounts.
- $15.00 and $16.27: the nearest levels below and above.
Quick take: SoFi closed at $15.42 on Friday, down about 5 percent since Wednesday, even though it is one of six retail brokers in the Anthropic IPO. Allocations are likely to be small, so any gain for SoFi will come in later quarters. Anthropic is expected to price on 18 November and trade on 19 November. $13.86 is the downside reference, $17 the upside.
FAQ
What is SoFi’s stock price today?
US markets are closed on Saturday. SoFi closed Friday 13 November at $15.42, down 1.34 percent.
Can I buy Anthropic IPO shares through SoFi?
Eligible SoFi Invest members can request shares at the IPO price in the app. SoFi says it may not receive enough shares to fill every request, so a request does not guarantee an allocation.
When does the Anthropic IPO happen?
Anthropic expects to price on or about 18 November, with Nasdaq trading under the ticker ANT expected from 19 November. The range is $70 to $78 a share.
Why is SoFi stock down this week?
Tech stocks sold off after Nvidia’s CEO resigned, and hot inflation data raised the chance of a December Fed rate increase. Being an Anthropic IPO broker has not offset that.
What is the analyst price target for SoFi?
About $21 on average, with a Hold consensus: $20.84 at StockAnalysis and $21.27 at MarketBeat. Targets range from about $15 at Keefe, Bruyette & Woods to $30 at Citi.
What are SoFi’s 52-week high and low?
$31.75 and $13.86, according to Robinhood’s data.
Sources: Morningstar, Yahoo Finance, MarketBeat and Finviz, 11-13 November 2026 (closes); Traders Union, 13 November 2026 (intraday move); Robinhood (52-week range); Anthropic roadshow announcement and amended S-1, 10 November 2026 (deal terms, retail brokers); Bloomberg via Quartz and Piq, 12-13 November 2026 (demand, valuation); Polymarket via Finextra, 13 November 2026 (listing odds); SoFi 8-K, 27 October 2026 (Q3 results, guidance); StockAnalysis, MarketBeat and The Cerbat Gem (analyst targets).
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.
Other Articles
Jim Cramer tells investors to buy a stock his Trust is glad it owns
SK Hynix Stock Falls 3% to 1.216 Million Won as Kospi Gives…
