From 24/7 Wall St. · David Moadel · · 1m 10s
SoFi Stock Rises 5% After Halving
SoFi stock jumps 5% after halving, sparking debate on whether it can double from here.
In brief
SoFi stock jumps 5% after halving, sparking debate on whether it can double from here. SoFi stock rose 5% to $17.75 after a year of losses, with analysts questioning if it can double from current levels. Originally reported by 24/7 Wall St..
SoFi Stock Rises 5%
SoFi stock climbed 5% to $17.75 in early Tuesday trading after a year of losses.
“SoFi stock just popped 5% while peers trade flat and the broader market barely budges”
Market Context
SPY index rose 0.1% while ARKF ETF fell 1%, showing SoFi's move is stock-specific.
“The SPDR S&P 500 ETF Trust is at $774.27, up 0.1%, while the ARK Blockchain & Fintech Innovation ETF is at $46.94, down 1%”
Year-to-Date Performance
SoFi stock is down 32% YTD, trading in the lower half of its 52-week range from $14.88 to $32.73.
“SoFi stock is down 32% year to date (YTD), so today’s gain reads as a modest reclaim rather than a trend change”
Peer Group Comparison
Robinhood stock is up 8% YTD while SoFi is down 32% YTD, highlighting a company-specific derating.
“Robinhood stock is at $122.52, down 0.6% in Tuesday morning trading, and Robinhood stock is up 8% year to date”
Q2 2026 Financials
SoFi reported $1.22 billion Q2 2026 revenue, up 7.9% YoY, with $156.59 million GAAP net income.
“SoFi’s Q2 2026 revenue was $1.22 billion, up 7.9% year over year (YoY), and GAAP net income of $156.59 million rose 61% YoY”
2026 Guidance Update
SoFi raised full-year 2026 adjusted net revenue guidance to $4.85 billion, implying 32%-35% growth.
“SoFi’s management also raised the company’s full-year 2026 adjusted net revenue guidance to $4.75 billion to $4.85 billion”
What to Watch Next
Investors will monitor whether SoFi holds gains and Q3 2026 earnings, with Wall Street targeting $20.34.
“The Q3 2026 report is the next scheduled test for SoFi, with consensus sitting at $0.1672 in EPS on a revenue estimate averaging $1.26 billion”
The main idea
SoFi stock rose 5% to $17.75 after a year of losses, with analysts questioning if it can double from current levels.
