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SOFI Stock Jumps As SoFiUSD Stablecoin Launch Grabs Attention

TIM SYKES•UPDATED MAY. 28, 2026, 2:34 PM ET
Reviewed by Bryce Tuoheyand Fact-checked by Matt Monaco

SoFi Technologies Inc. stocks have been trading up by 4.73 percent amid heightened optimism over stronger-than-expected earnings growth

Candlestick Chart

Live Update At 14:33:23 EDT: On Thursday, May 28, 2026 SoFi Technologies Inc. stock [NASDAQ: SOFI] is trending up by 4.73%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

SOFI has been grinding higher on the chart. Over the past couple of weeks, the stock has climbed from the mid‑$15s to close near $16.94, with multiple sessions holding above $16. This steady staircase pattern tells traders that buyers are quietly in control rather than chasing wild spikes.

Intraday, SOFI showed a classic trend‑day structure. After opening near $15.94, it held the $16 area, then pushed toward $17 in the afternoon before cooling slightly into the close. Those tight, rising five‑minute candles around $16.70–$17 show dip buyers stepping in again and again.

Fundamentally, the backdrop matches the tape. SOFI just printed Q1 revenue of $1.10B, ahead of the $1.05B consensus, and turned that into net income of $166.7M. Net margin sits around 14% and pre‑tax margin near 30%, solid numbers for a fintech still building scale. On a trailing basis, SOFI trades at roughly 5.2x sales and 1.9x book, with a P/E near 36. That is not cheap, but it fits a company guiding to about 30% annual revenue growth. For traders, this combination of rising price, improving profits, and still‑elevated valuation screams “momentum name” that will move fast on any surprise.

Why Traders Are Watching SOFI So Closely

SOFI is no longer just a flashy lending app. The launch of SoFiUSD, the first stablecoin issued by a U.S. national bank and embedded directly into a regulated banking app, marks a real line in the sand. SOFI now lets roughly 15M members buy, sell, hold, convert, and pay with a dollar‑backed token across Ethereum and Solana. That plants SOFI right where traditional banking and blockchain payments collide.

For active traders, this kind of product is about more than buzzwords. SoFiUSD is a capital‑light product that can drive fee income, on‑chain transaction volume, and deeper engagement inside the SOFI ecosystem. Management is already talking about tokenized deposits, cross‑border transfers, and future exchange listings. Each of those is another potential revenue lever without piling more risk on the balance sheet.

This sits on top of strong core execution. SOFI’s Q1 beat on revenue, doubled EPS year over year, and still kept 2026 guidance firmly intact. The company is calling for about $4.655B in adjusted net revenue in 2026, $1.6B in adjusted EBITDA (34% margin), and $825M in adjusted net income, for EPS of $0.60. That is classic “grow fast, then harvest margins” territory.

Traders also have a clear setup on near‑term expectations. Q2 2026 guidance aims for roughly 30% adjusted net revenue growth and around a 30% EBITDA margin, plus a 12%–13% net income margin. Yet Morgan Stanley responded by trimming its target to $16 and keeping an Underweight stance, flagging lower‑than‑hoped EBITDA and heavier marketing spend in the first half. Stephens cut its SOFI target to $25 (from $26) but stayed Overweight, while Citi reduced its target to $30 from $37 and kept a Buy, blaming sector‑wide multiple compression, not SOFI‑specific weakness.

Layer in the PrimaryBid asset deal in the UK, which folds directed share program capabilities and capital‑markets tools into the SOFI platform, and the story widens beyond U.S. lending. For momentum traders, this is a classic “strong fundamental story vs. skeptical Street” tug‑of‑war—perfect for breakouts, failed breakouts, and sharp squeezes.

More Breaking News

Conclusion

SOFI now sits at an interesting crossroads for traders. On the one hand, the stock has run from the mid‑$15s to the high‑$16s, trades at a premium multiple, and faces louder caution from parts of the Street, including the $16 Underweight target from Morgan Stanley. On the other hand, the core numbers remain aligned with a high‑growth fintech: Q1 revenue beat, EPS growth, roughly 30% top‑line guidance for Q2, and a reaffirmed 2026 target of $4.655B in adjusted net revenue and $1.6B in adjusted EBITDA.

The launch of SoFiUSD shows SOFI is serious about owning the regulated side of digital assets, not just talking about crypto in slide decks. The PrimaryBid acquisition gives SOFI more tools in capital markets and potential reach into UK‑style offerings. Together, they push SOFI further into capital‑light, fee‑driven territory many traders favor.

That does not mean the path is smooth. Higher marketing and product spend this year, plus back‑weighted 2026 targets, leave room for more volatility if execution slips or macro headwinds hit fintech multiples again. For active traders, that volatility is the opportunity—as long as risk comes first. As millionaire penny stock trader and teacher Tim Sykes, says, “Embrace the journey, the ups and downs; each mistake is a lesson to improve your strategy.” In a fast‑moving name like SOFI, that mindset can help traders stay adaptable, keep emotions in check, and refine their setups over time.

As Tim Sykes likes to say, “The market doesn’t care about your opinion; it cares about your discipline. Cut losses quickly, protect your capital, and only then worry about potential upside.” SOFI is giving traders a real story to study. The job now is to let the price action, not the hype, decide your trading plan.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

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The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”