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NASDAQ:SOFI
SoFi Technologies (SOFI)
Financials 
Technical Analysis 
Aug 21, 2026, 12:00 amThis summary was created by AI, based on 10 opinions in the last 12 months.
SoFi Technologies (SOFI-Q) is currently facing considerable challenges, with a notable drop in stock value of -6.22% over the past six months. Despite short seller allegations contributing to a -35% downturn, several analysts express optimism about the company's growth potential. The firm has recently added over 1 million members, boosting overall membership to approximately 12.99 million, alongside a 12.3% revenue increase to $1.27 billion. With improved gross profit and a strong consumer base, the long-term outlook appears positive despite the recent volatility. Analysts suggest patience, viewing the current low price as an opportunity to buy into a fundamentally strong company that has achieved profitability and substantial growth in earnings.
SOFI has had several pieces of good news recently, and is now up on the year (slightly) after being down significantly. It is up 75% from its August low. The momentum shift is impressive, and EPS is expected to more than double next year. If it can execute, the mid-cap stock could get more attention. Estimates have been ticking up, and the last quarter nicely beat estimates. We would be OK taking an initial position in the $9.75 range.
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Premium contentSofi is a new kind of finance company. from unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. whether they’re looking to buy a home, pay off their student loans, ascend in their careers, or invest in the future, the sofi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. nmls #1121636. Social media mentions are up 550% in the past 24h.
SOFI generated positive EPS of 1c beating analysts estimates that the company would breakeven for the quarter, and improving from a 6c loss in the year prior. Total revenue also beat estimates of $564.39M coming in at $598.62M displaying a 20% year-over-year increase. The company also increased guidance for 2024 expecting EPS between 9c-10c, ahead of estimates of 8c. Q3 guidance was also 1c greater than analyst estimates of 3c. Management expects to add 2.3 million new memebers in 2024, dispakyin 30% growth. This looks to be a solid quarter for SOFI, beating estimates and upping guidance but the market reaction has been muted.
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Premium contentSofi is a new kind of finance company. from unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. whether they’re looking to buy a home, pay off their student loans, ascend in their careers, or invest in the future, the sofi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. Social media mentions are up 100% in the past 24h.
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Online banking. In that space, he prefers bricks & mortar and steady-eddy banks that are diversified coast to coast. In the US, he owns JPM.