Updated 12 November 2026, 07:30 GMT, before the US market open. SoFi Technologies (SOFI) closed Wednesday at $16.27, down 0.61 percent, and was quoted near $16.20 after hours (Finviz; Yahoo Finance). Verdict: SoFi is one of six brokers named to sell Anthropic IPO shares to retail investors, but the stock has not moved on the news. What drives the price is still the Q3 beat and the 2027 guide. Reference levels: $21 above, $15 below.
Key facts
- Wednesday close: $16.27, down $0.10 from $16.37, in a $16.25 to $16.83 range on about 39.4 million shares (Finviz; Yahoo Finance). After-hours quotes were $16.16 to $16.20.
- Anthropic IPO: Anthropic’s amended S-1, filed on 10 November, names Charles Schwab, Fidelity, Robinhood Financial, TradePMR, SoFi and E*Trade as retail distributors. It expects retail investors to receive up to 20 percent of the shares, depending on demand.
- Deal terms: 825 million Class A shares at $70 to $78. Pricing is reported for 18 November and the first day of trading on Nasdaq under “ANT” for 19 November (CNBC).
- Allocation caveat: SoFi warns that the number of shares it receives may not be enough to fill every customer request.
- Q3 2026: GAAP net revenue of $1.385 billion, up 44 percent, adjusted EBITDA of $470 million, up 70 percent, and net income of $241 million (SoFi 8-K, 27 October).
- Members: 17.1 million, up 35 percent, with a record 1.2 million added in the quarter.
- Analysts: the average 12-month target is $20.84 from 25 analysts with a Hold consensus (StockAnalysis). Targets range from $15 at Keefe, Bruyette & Woods to $30 at Citi.
What SoFi’s place in the Anthropic IPO means
Anthropic plans to set aside up to 20 percent of its offering for retail investors, about double the 5 to 10 percent that most mega-cap IPOs reserve. At the $74 midpoint, that ceiling is worth roughly $12 billion. SoFi customers can request shares through the app at the IPO price, alongside customers of the five other named brokers. Our report on the six brokers explains the filing, and the timetable is on our Anthropic IPO date page.
For SoFi shareholders, the effect is indirect. SoFi does not disclose what it earns from distributing IPO shares, and a request does not guarantee an allocation. Customer demand is expected to far exceed supply. Analysts compare the deal with SpaceX’s June 2026 IPO, where retail customers at some large brokers received as little as one share. The value to SoFi lies in new accounts and in customers moving cash onto its investing platform. In Q3 it added a record 1.2 million members without any IPO of this size.
The market’s verdict so far has been muted. Search interest in SoFi stock has jumped since the filing, but the shares fell 0.61 percent on a day when the S&P 500 rose 1.3 percent.
The numbers behind the stock
SoFi reported Q3 results on 27 October. GAAP net revenue rose 44 percent to $1.385 billion, and adjusted net revenue was $1.4 billion. Lending generated about $807 million of adjusted net revenue, up 68 percent. Technology platform revenue fell 24 percent to $87 million after a large client left, though it grew 18 percent excluding that client. Products reached 26.7 million.
Management raised its 2026 guidance to $5.04 billion of adjusted net revenue and $1.66 billion of adjusted EBITDA, from a previous revenue range of $4.75 to $4.85 billion. It also gave a first 2027 outlook: $6.4 billion of adjusted net revenue, $2.24 billion of adjusted EBITDA and EPS of $0.90. The shares rose about 11 percent after the report, according to Investing.com, and have since fallen back toward $16. Our SoFi Q3 results page has the full breakdown.
Where analysts stand
Analysts are split. Citi has the highest target, at $30. Scotiabank raised its target to $26 from $25, and Goldman Sachs raised its target to $18 from $15 with a Neutral rating (StockAnalysis). Truist raised its target to $17 from $16 on 3 November and kept a Hold rating. Keefe, Bruyette & Woods cut its target to $15 from $16 and kept an Underperform rating. The $20.84 average implies about 28 percent upside from Wednesday’s close, but the Hold consensus shows that many analysts want to see the 2027 guide delivered first.
SoFi stock: bull, base and bear
| Scenario | SOFI | What has to happen | Anchor |
|---|---|---|---|
| Bear | $15 | The Anthropic attention fades, fintech shares weaken, and investors doubt that the 2027 guide can be met. | Keefe, Bruyette & Woods’ $15 target, the lowest on the Street; about 8 percent below Wednesday’s close. |
| Base | $17-$18 | Member growth continues and the stock moves back toward the more cautious targets. | Truist’s $17 and Goldman Sachs’ $18 targets. |
| Bull | $21 | IPO access brings in a wave of new investing accounts, and the market starts to price in the $6.4 billion 2027 revenue guide. | The $20.84 average analyst target (StockAnalysis); about 29 percent above Wednesday’s close. |
The bear case sits below the current price. These are reference levels measured from Wednesday’s close, not forecasts.
What to watch
- Today, 14:30 GMT: whether the stock holds $16.25, Wednesday’s low.
- 18 November: Anthropic’s reported pricing date, which will set the final retail share.
- 19 November: the reported first day of trading, and any comment from SoFi on customer demand.
- $16.83: Wednesday’s high, the first level above.
Quick take: SoFi closed at $16.27 on Wednesday, and being named as an Anthropic IPO broker has not moved the shares. The IPO could bring in new customers, but SoFi does not disclose what it earns from it, and allocations are not guaranteed. The Q3 numbers and the 2027 guide still set the range: $15 below, $21 at the analyst average.
FAQ
Can I buy Anthropic IPO shares through SoFi?
SoFi is one of six brokers named in Anthropic’s amended S-1 to offer shares to retail customers at the IPO price. SoFi warns that its allocation may not cover every request, so a request does not guarantee shares.
What is SoFi’s stock price today?
SoFi closed at $16.27 on Wednesday 11 November, down 0.61 percent, and was quoted near $16.20 after hours. Thursday’s regular session opens at 14:30 GMT.
Does the Anthropic IPO help SoFi stock?
Only indirectly. SoFi does not disclose fees from IPO distribution. The main benefit would be new members and assets on its investing platform. The shares fell slightly on the day the filing was reported.
When is the Anthropic IPO?
Pricing is reported for 18 November and the first day of trading for 19 November on Nasdaq under the ticker ANT, at a range of $70 to $78 per share (CNBC).
What is the SoFi stock price target?
The average is $20.84 from 25 analysts, according to StockAnalysis, with targets from $15 (Keefe, Bruyette & Woods) to $30 (Citi). Price targets are not guarantees.
What did SoFi guide for 2027?
Adjusted net revenue of $6.4 billion, adjusted EBITDA of $2.24 billion and EPS of $0.90, according to its Q3 2026 release.
Sources: Anthropic amended S-1, 10 November; CNBC, 10 November (price range, share count, reported dates); SoFi Q3 2026 earnings release (Form 8-K), 27 October; GuruFocus and Investing.com (Q3 call and share reaction); Finviz and Yahoo Finance (11 November close, range, after-hours quote); StockAnalysis (average target and rating changes); SoFi IPO investing disclosures (allocation caveat).
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.