SoFi Technologies (SOFI) remains in focus this morning after announcing plans of introducing an international money transfer service by the end of this year.
The financial technology company will use the Bitcoin Lightning Network to enable customers to make cross-border transactions online via its app at a much lower fees than conventional bank transfers.
SoFi stock has pushed explosively to the upside over the past four months. At the time of writing, it’s up roughly 170% versus its low set in the first week of April.
Significance of the Expected Launch for SoFi Stock
The planned launch of international money transfer services is constructive for SOFI shares since it makes the Nasdaq-listed firm the first U.S. bank to offer blockchain-enabled remittances.
Undercutting traditional banks and remittance providers positions SoFi Technologies as the fintech leader in digital payments.
Additionally, the expected offering sidesteps new remittance taxes under Section 4475, effectively giving the Santa Clara-headquartered company a regulatory edge over its traditional rivals as well.
In short, as demand for low-cost real-time cross-border transfers grows, this innovation could drive user growth, boost engagement, and strengthen SoFi stock’s competitive moat in financial services.
William Blair Expects SOFI Shares to Rip Higher From Here
William Blair’s senior analyst Andrew Jeffrey continues to recommend sticking with SoFi shares even though they have already experienced a meteoric rally in 2025.
The financial services firm is disrupting digital banking to an extent and at a speed that isn’t fully reflected in its valuation, he told clients in a research note last week.
Jeffrey remains positive on SOFI stock also because he expects the fintech to “rapidly” steal share from traditional banks as it expands the multitude of its offerings over time.
His 2026 estimates translate roughly to a $30 share price, indicating potential upside of another 30% from here.
Wall Street Recommends Caution on SoFi Technologies
Investors should note, however, that not everyone on Wall Street is as constructive on SoFi shares as William Blair.
According to Barchart, the consensus rating on SOFI stock sits at “Hold” only with the mean target of roughly $19 indicating potential downside of some 18% from current levels.
