Updated 15 November 2026, 07:00 GMT. SoFi Technologies (SOFI) last closed at $15.42 on Friday, down 1.34 percent, and lost about 4.9 percent on the week from $16.21 on 6 November (StockAnalysis). Verdict: the market has not paid SoFi for its role as one of six retail brokers in the Anthropic IPO. Pricing is expected on Wednesday 18 November and the first trade on Thursday 19 November. Reference levels for the week: $16.75 above, $13.86 below.
Key facts
- Last close: $15.42 on Friday 13 November, down $0.21 or 1.34 percent; after-hours trading ended at $15.29 (StockAnalysis).
- The week: down $0.79 or about 4.9 percent from $16.21 on 6 November. The high close was $16.75 on Monday 9 November, followed by four straight lower closes.
- Friday range: $15.08 to $15.75.
- Anthropic IPO: 825 million Class A shares at $70 to $78, Nasdaq ticker ANT. Up to 20 percent may go to retail investors through six brokers, SoFi among them (amended S-1, 10 November).
- Reported timetable: pricing on 18 November, first trade on 19 November, according to reports citing people familiar with the plans. Anthropic has not confirmed the dates.
- Analysts: average 12-month target of about $21 with a Hold consensus ($20.84 at StockAnalysis, $21.27 at MarketBeat, end of last week).
Why the Anthropic role has not lifted the stock
SoFi peaked for the week on Monday, the day before Anthropic’s amended S-1 named it as a retail distributor alongside Charles Schwab, Fidelity, Robinhood, TradePMR and E*Trade. It then fell 2.27 percent on Tuesday, 0.61 percent on Wednesday, 3.93 percent on Thursday and 1.34 percent on Friday. Our Saturday SoFi page covers the last two sessions.
The likely reason is size. Bloomberg reported on 12 November that the IPO was about six times oversubscribed, and the Financial Times reported that bankers were weighing a price above the range, as our Anthropic valuation report explains. Heavy demand usually means small retail allocations. SoFi does not say what it earns from distributing IPO shares, and it warns it may not receive enough shares to fill every request. Any benefit is more likely to show up as new members and deposits in later quarters than in this quarter’s revenue.
The market backdrop did not help. Growth and tech stocks fell after Nvidia’s CEO resigned on 12 November, and hot inflation data during the week raised bets on a Federal Reserve rate increase in December. Higher rates tend to weigh on lenders and on fintech valuations.
The Anthropic timetable for SoFi customers
Anthropic is seeking to raise as much as $64.4 billion in the IPO, plus $26 billion in a concurrent private placement, according to its filings as reported by Yahoo Finance. At the top of the range the company would be valued at about $1.4 trillion on a fully diluted basis.
Eligible SoFi Invest members can request shares in the app at the IPO price, with no commission. A request is not a guaranteed purchase, and the account needs enough cash to cover it. Brokers set their own cut-off times: Fidelity says its request window is expected to close at 4 p.m. ET on Tuesday 17 November. We could not confirm SoFi’s own cut-off, so check the request screen in the app. If the deal prices above $78, requests are generally filled at the final IPO price, so the cash needed could be higher than the top of the range.
The business behind the stock
SoFi reported its third quarter on 27 October. GAAP net revenue rose 44 percent to $1.385 billion 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. Our SoFi Q3 results page has the breakdown.
Analysts are split. Citi has the highest target at $30 and Scotiabank $26 with an Outperform rating. UBS and Monness Crespi are at $22, TD Cowen, Wells Fargo and Goldman Sachs at $18, and Truist at $17 with a Hold. Keefe, Bruyette & Woods has an Underperform rating and the lowest target.
SoFi stock: bull, base and bear for IPO week
| Scenario | SOFI | What has to happen | Anchor |
|---|---|---|---|
| Bear | $13.86 | Tech selling continues after Nvidia’s results, 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 | $15.08-$16.27 | The stock trades between Friday’s low and Wednesday’s close while the IPO prices. | Friday’s $15.08 low and the 11 November close of $16.27. |
| Bull | $16.75 | A smooth Anthropic debut, a calm Nvidia report and a fintech rebound. | The 9 November close of $16.75, last week’s high close; about 8.6 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 this week
- Tuesday 17 November: Nvidia’s results after the close, the week’s main test for tech stocks. Fidelity’s IPO request window is also expected to close that afternoon.
- 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.
- $15.08 and $16.27: the nearest levels below and above.
Quick take: SoFi closed at $15.42 on Friday and lost about 4.9 percent on the week, with four straight lower closes after being named a retail broker for the Anthropic IPO. Allocations are likely to be small, so any gain for SoFi will show up later. $13.86 is the downside reference, $16.75 the upside.
FAQ
What is SoFi’s stock price today?
US markets are closed on Sunday. SoFi last closed at $15.42 on Friday 13 November, down 1.34 percent, and ended after-hours trading at $15.29 (StockAnalysis).
Did SoFi stock go down this week?
Yes. It fell about 4.9 percent, from $16.21 on 6 November to $15.42, with lower closes on each of the last four days.
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 is the Anthropic IPO?
Pricing is reported for 18 November and the first trade on Nasdaq under ANT for 19 November. Anthropic has not confirmed those dates.
How much does SoFi make from the Anthropic IPO?
SoFi has not disclosed it. Distribution fees on a retail allocation are likely to be small next to its quarterly revenue of $1.385 billion; the bigger benefit would be new members and assets.
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. Citi has the high target at $30.
Sources: StockAnalysis price history, 13 November 2026 (closes, ranges, after-hours price); Anthropic amended S-1, 10 November 2026 (share count, range, retail brokers); Bloomberg, 12 November 2026 (order book); Financial Times via FinanceFeeds (pricing above range); Yahoo Finance (offering size); Fidelity (request window); SoFi 8-K, 27 October 2026 (third-quarter results); Robinhood (52-week low); StockAnalysis, MarketBeat and broker notes (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.
