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SOFI Stock Jumps As SoFiUSD Stablecoin And Growth Plans Take Center Stage

JACK KELLOGG•UPDATED MAY. 29, 2026, 11:33 AM ET
Reviewed by Tim Sykesand Fact-checked by Ellis Hobbs

SoFi Technologies Inc. stocks have been trading up by 9.05 percent after upbeat earnings and improved profitability boosted investor confidence.

Candlestick Chart

Live Update At 11:32:15 EDT: On Friday, May 29, 2026 SoFi Technologies Inc. stock [NASDAQ: SOFI] is trending up by 9.05%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

SOFI has been trading like a high-speed elevator. Over the last few weeks, the stock has ripped from the mid‑$15s to close near $18.51, breaking out after a string of higher lows. That daily chart shows steady accumulation, not a one‑day meme spike, which matters for traders who care about trend durability rather than hype.

Intraday, SOFI’s 5‑minute action around $18 shows tight ranges and quick dip buys. Early weakness toward $17.68 at the open was snapped up, and the stock ground back above $18.40, signaling aggressive support every time sellers tested the bid. That’s classic strong‑tape behavior.

Under the hood, SoFi Technologies just posted Q1 revenue of $1.1B versus $1.05B expected and EPS of $0.12, doubling earnings year over year. The company still isn’t throwing off positive free cash flow, but the P/E near 36.8 and price‑to‑sales around 5.3 tell you traders are paying up for growth. With 30%+ revenue growth, rising margins, and a price‑to‑book under 2, SOFI sits in that zone where momentum and fundamentals are finally starting to rhyme.

Why Traders Are Laser‑Focused On SOFI Right Now

SOFI is suddenly at the center of three powerful narratives: profitable growth, a bold push into blockchain, and a stealth expansion of its tech and capital‑markets engine. That mix is why SoFi Technologies keeps showing up on momentum scanners.

First, the growth story. Q1 delivered in‑line EPS but a clean revenue beat at $1.1B, backed by record member and product growth. Management didn’t blink on its long‑term plan either. SoFi Technologies reaffirmed 2026 targets for about $4.655B in adjusted net revenue, $1.6B in adjusted EBITDA (34% margin), and $825M in adjusted net income with an 18% margin. For a name that just doubled EPS year over year, those are serious numbers, and they explain why traders are willing to tolerate a premium multiple.

Short term, the tape got tricky. Q2 2026 guidance still calls for roughly 30% adjusted net revenue growth and about a 30% EBITDA margin, but that stepped down from the full‑year margin profile. The result: SOFI sold off more than 9% premarket when the report hit as expectations and valuation reset. Morgan Stanley flagged the same issue, cutting its price target after saying Q2 profitability guidance sat below prior models.

Yet the Street isn’t walking away. Stephens kept an Overweight on SoFi Technologies with a slight target trim, and Citi stayed Buy even while cutting its target, blaming sector multiple compression rather than SOFI‑specific trouble. For traders, that’s a classic “good company, recalibrated expectations” setup where pullbacks are driven more by sentiment than by collapsing fundamentals.

Layer on the new catalysts. SoFi Technologies just launched SoFiUSD, the first stablecoin issued by a U.S. national bank, fully embedded in the SoFi app and live on Ethereum and Solana. If members actually use it for payments, tokenized deposits, and cross‑border transfers, SOFI gains more engagement, more data, and more fee opportunities inside a regulated framework most pure‑play crypto shops can’t match.

At the same time, the PrimaryBid acquisition pushes SoFi Technologies deeper into capital markets and retail access to IPOs and follow‑on deals, while Galileo’s new Debit Spend Index shows rising digital debit use across the broader payments landscape. All of that supports SOFI’s pivot toward capital‑light, fee‑based revenue — exactly what the market has wanted to see.

More Breaking News

Conclusion

For active traders, SOFI now sits at the crossroads of fintech growth and old‑school bank discipline. The chart shows renewed strength after earnings‑related volatility, with price breaking out above recent resistance as buyers lean into the story. The fundamentals — 30%+ revenue growth guidance, expanding margins, and a clear shift toward technology and capital‑markets revenue — give that price action real backing rather than pure speculation.

But this is still a battleground name. Some firms like Morgan Stanley remain cautious on near‑term profitability, while others keep leaning bullish on the long‑term path. That tension can create sharp intraday swings in SOFI, which disciplined traders can use if they respect risk. As millionaire penny stock trader and teacher Tim Sykes, says, “Preparation plus patience leads to big profits.” The launch of SoFiUSD and the PrimaryBid deal add fresh catalysts, but they also raise execution and regulatory questions the market will be quick to punish if SoFi Technologies slips.

The way to navigate a story stock like SOFI is the same approach Tim Sykes and Tim Bohen hammer on every day — focus on price action, not stories alone. As they like to remind traders, “The chart is the truth — trade the price, not your emotions.” This article is for educational and research purposes only, but if you study the SOFI chart alongside the fundamentals, you’ll see why this name is firmly on the watchlists of momentum‑driven traders right now.

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”