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    SoFi Technologies (SOFI) Links With Kraken, Is The Stock Slightly Above Fair Value?

    Simply Wall St·09/09/2026 22:21:35
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    SoFi Technologies (SOFI) just linked its Big Business Banking platform with Payward’s Kraken exchange, tying SoFiUSD, real time settlement via the SoFi Exchange Network, and Kraken Prime’s crypto liquidity into one connected infrastructure play.

    For SoFi Technologies, the Kraken tie up lands during a choppy stretch in the stock, with the share price down 3.8% on the day to about $17.33 and showing a 7 day and 30 day share price return that has also declined. The 90 day share price return is up 4.0%, the year to date share price return is down 36.9%, and the 1 year total shareholder return has fallen 32.1%. However, the 3 year total shareholder return is up around 97% and the 5 year total shareholder return is up 12.2%, which points to long term holders still being meaningfully ahead even as short term momentum has faded and recent headlines around customer churn and partnerships reset risk perceptions.

    Scan how SoFi Technologies stacks up against other potential breakouts in digital finance by reviewing our curated list of 17 high quality undiscovered gems.

    After a sharp pullback, fresh Kraken news, and mixed sentiment around SoFi Technologies, the real test now is simple: Does the current valuation still leave more upside than downside for new money stepping in here?

    Most Popular Narrative: 2.6% Overvalued

    SoFi Technologies closed at $17.33 against a narrative fair value of $16.89, so according to investor DDakhno the market price sits slightly above that anchor and puts the spotlight on how the business is evolving from high growth to scaled profitability.

    Sofi Technologies (SOFI) is rightfully considered one of the key contenders for a spot in the "portfolio of the future." In April 2026, the company is demonstrating a transition from a stage of aggressive growth to a stage of scalable profitability, making it a unique hybrid of a bank and a technology platform.

    Read the complete narrative.

    Curious what turns SoFi Technologies from fast growing upstart into a full platform story. The narrative leans heavily on rising profitability, a maturing earnings base, and a premium multiple that assumes those margins hold. The interesting part is how those pieces fit together to support a value just under the current share price.

    Result: Fair Value of $16.89 (OVERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, SoFi Technologies still faces pressure if customer churn accelerates or if the high forward P/E near 27x is difficult for investors to justify.

    Find out about the key risks to this SoFi Technologies narrative.

    Next Steps

    Mixed feelings about SoFi Technologies after the Kraken link up and recent volatility. If you want to move fast and build your own thesis, start by weighing the 2 key rewards and 1 important warning sign.

    Looking for more investment ideas beyond SoFi Technologies?

    You do not need to stop with SoFi Technologies. Use the Simply Wall Street screener to quickly surface fresh opportunities that fit your own risk and return preferences.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.