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SoFi Stock Climbs As SoFiUSD And Growth Story Gain Traction

JACK KELLOGG•UPDATED MAY. 29, 2026, 2:33 PM ET
Reviewed by Tim Sykesand Fact-checked by Ellis Hobbs

SoFi Technologies Inc. stocks have been trading up by 7.83 percent amid upbeat fintech growth prospects and investor optimism.

Candlestick Chart

Live Update At 14:32:59 EDT: On Friday, May 29, 2026 SoFi Technologies Inc. stock [NASDAQ: SOFI] is trending up by 7.83%! 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, and the tape shows it. Over the last couple of weeks, SOFI climbed from the mid‑$15s to close near $18.30 on 2026/05/29, a gain of roughly 17% from the May base. That’s real momentum for active traders.

Daily candles show a steady uptrend with higher lows from around $15.23 up through $16s and into the current $18 area. The recent sessions around 2026/05/28–2026/05/29 show expanding ranges and strong closes, a classic sign that buyers are in control. Intraday, the 5‑minute chart highlights tight consolidation between $18.25 and $18.50 for much of the afternoon, telling traders that SOFI is holding gains instead of dumping them.

Fundamentally, the Q1 2026 report backs up that price action. SoFi Technologies posted $1.1B in total revenue, ahead of the $1.05B consensus, and delivered diluted EPS of $0.12. Net income from continuing operations reached $166.7M. On a trailing basis, SOFI’s price‑to‑sales ratio near 5.26 and P/E around 36.75 reflect a growth‑style valuation. Profit margins near 14% and low total‑debt‑to‑equity of 0.18 show a platform that is scaling, not just burning cash. For traders, this combo of trend, liquidity, and improving profitability keeps SOFI firmly on the momentum watchlist.

Why Traders Are Watching SOFI Right Now

SOFI is not trading like a sleepy bank. It’s trading like a high‑beta fintech name with multiple catalysts hitting at once.

First, earnings. SoFi Technologies delivered Q1 2026 adjusted net revenue of $1.1B versus $1.05B expected, with EPS in line at $0.12. The company doubled EPS year over year and logged record adjusted net revenue, driven by strong member and product growth plus expansion into digital‑asset offerings. Yet right after the report, SOFI traded down more than 9% premarket as traders reacted to an unchanged full‑year 2026 guide and a softer Q2 outlook. That’s classic “expectations too high” action: strong numbers, but the bar was even higher.

Management then laid out Q2 2026 guidance: around 30% adjusted net revenue growth, an adjusted EBITDA margin near 30%, and adjusted net income margin of 12%–13%. For most banks, that growth plus profitability profile would be a dream. SoFi Technologies reaffirmed full‑year 2026 targets too – roughly 30% year‑over‑year growth in members and revenue, adjusted net revenue of about $4.655B, adjusted EBITDA of $1.6B at a 34% margin, adjusted net income of $825M at an 18% margin, and adjusted EPS of $0.60, slightly above consensus. The catch is the back‑weighted setup: a lot of that earnings power depends on the second half and 2026 ramping as planned.

On the product side, SOFI just launched SoFiUSD, described as the first stablecoin issued by a U.S. national bank and fully integrated into a regulated banking app. Roughly 15M SoFi Technologies members can now buy, sell, hold, convert, and pay with SoFiUSD on Ethereum and Solana. Management is already talking about tokenized deposits, cross‑border payments, and exchange listings down the line. For traders, that’s optionality. If SoFiUSD gains real traction, SoFi Technologies sits right at the intersection of regulated banking and blockchain rails.

Layer on top the PrimaryBid acquisition. Multiple reports say SoFi Technologies is buying most of the UK fintech’s assets, including its directed share program, effectively ending PrimaryBid’s independent life and boosting SoFi’s capital‑markets and retail access toolkit. One report notes SOFI shares were up about 2% on the news, a sign traders like the international and IPO‑access angle.

Finally, Galileo – soon to be rebranded as SoFi Technology Solutions – released its first Debit Spend Index, showing a rebound in U.S. debit spending and a shift toward digital and saved‑card payments. That reinforces the idea that SOFI is not just a lender; it’s also building a capital‑light, fee‑driven infrastructure engine.

More Breaking News

Conclusion

Put it together, and SOFI is in an interesting spot. The stock is pushing toward recent highs, the Q1 2026 report showed real profits and a $1.1B revenue beat, and management still targets roughly 30% growth with expanding margins. At the same time, traders know Wall Street is recalibrating expectations. Morgan Stanley cut its target to $16 and flagged softer Q2 guidance. Stephens trimmed to $25 and Citi to $30, but both kept bullish ratings on SoFi Technologies, pointing to sector‑wide valuation pressure rather than a broken story.

For active traders, that tension is the setup. You have a name pricing in growth, delivering profits, and now layering on catalysts like SoFiUSD and the PrimaryBid deal. If those bets work, SoFi Technologies could deepen its ecosystem around trading, capital markets, and blockchain‑based payments. If execution slips or the back‑half ramp stalls, the high‑growth multiple can compress fast.

This is exactly the kind of situation Tim Sykes talks about when he says, “Patterns repeat, but it’s your job to manage risk and cut losses quickly.” As millionaire penny stock trader and teacher Tim Sykes says, “Preparation plus patience leads to big profits.” SOFI’s trend, news flow, and liquidity make it a prime trading candidate, but every trader still has to build a plan, size smart, and respect the risk.

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 .

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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”