Cathie Wood’s SOFI Sale Sparks Debate Amid 77% YTD Rally
Ark Invest CEO Cathie Wood has liquidated 21,000 shares of SoFi Technologies (SOFI) worth approximately $600,000, triggering a 2% drop in the stock on Monday. The sale comes after a 75% year-to-date rally, raising questions about whether SOFI has peaked. Wall Street remains divided: Needham and Citigroup maintain bullish $36-$37 price targets, while JPMorgan cites labor market softness and tariff impacts for its Hold rating.
Truist's Matthew Coad trimmed his price target to $28 from $31, citing tougher year-over-year comparisons. The mixed outlook reflects broader uncertainty in fintech valuations, with analysts balancing SoFi's execution against macroeconomic headwinds. Wood's move signals caution even as some maintain Optimism for the digital banking disruptor.
