SoFi Technologies(US:SOFI) Benzinga·2026-03-03 18:50Core Viewpoint - SoFi Technologies has announced an enhanced partnership with Mastercard to enable SoFiUSD as a settlement option across Mastercard's global payments network, which is expected to improve transaction efficiency and expand use cases for digital assets [1][3]. Partnership and Product Development - The partnership aims to enhance interoperability between digital assets and traditional money, facilitating faster transaction settlements and enabling new use cases such as cross-border remittances [3]. - SoFi's fully reserved U.S. dollar stablecoin, SoFiUSD, will support settlement across the Mastercard network, including for SoFi Bank, N.A. [3][4]. Market Position and Transaction Volume - This move positions SoFi as a key player in the growing stablecoin market, which reportedly sees significant transaction volumes of around $30 billion daily [4]. Stock Performance and Technical Analysis - SoFi shares are currently trading 15.5% below their 20-day simple moving average (SMA) and 18.2% below their 100-day SMA, indicating a bearish trend [5]. - The stock has decreased significantly over the past 12 months and is closer to its 52-week lows than highs, with an RSI of 50.00 indicating neutral territory and MACD at -0.05 suggesting bearish pressure [5][6]. Earnings and Analyst Outlook - SoFi is expected to provide its next financial update on April 28, 2026 [7]. - The stock carries a Hold Rating with an average price target of $24.72, with recent analyst actions including a lowered target from Truist Securities to $21.00 [8]. Key Financial Metrics - Key resistance for the stock is at $20.00, while key support is at $15.00 [9]. - EPS estimate is 12 cents (up from 6 cents), and revenue estimate is $1.05 billion (up from $770.72 million) [9]. - The stock has a P/E ratio of 47.2x, indicating a premium valuation [9]. Recent Price Action - SoFi Technologies shares were up 3.15% at $18.97 at the time of publication [10].