Stock Market Today, April 29: SoFi Technologies Drops After Flat Full Year Guidance Despite Beating Revenue Expectations [Globe and Mail, The (Toronto, Canada)]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Globe and Mail, The
The stock declined after Q1 results beat revenue expectations and the company reported strong member and product growth, but full-year guidance disappointed. Investors are watching how cautious Q2 revenue targets affect growth expectations. Trading volume reached 196.2 million shares, about 193% above its three-month average of 67 million shares. SoFi Technologies IPO'd in 2021 and has grown 27% since going public. How the markets moved today The S&P 500 finished Wednesday essentially flat, slipping 0.02% to 7,138, while the Nasdaq Composite inched up 0.04% to close at 24,673. Within the fintech industry , peers LendingClub closed at $16.57 (-1.81%) and Upstart ended at $30.48 (-7.24%), underscoring pressure across digital lenders. What this means for investors It looked like a great all-around quarter for SoFi: revenue rose 41% net income margin improved from 9% to 15% year over year membership increased by 35% products used jumped 39% total loan originations grew 1
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SOFI
News
- SoFi: It's Time To Load Up [Seeking Alpha]Seeking Alpha
- SoFi Tech (SOFI) Launches Big Business Banking to Integrate Fiat and Crypto Operations [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies (SOFI) had its price target lowered by Needham & Company LLC from $33.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
- SoFi Technologies (SOFI) had its "positive" rating reaffirmed by UBS Group AG.MarketBeat
- SoFi Technologies (SOFI) Stock Analysis: 97% Growth Vs. Quant 'Hold' | 2-Minute Analysis [Seeking Alpha]Seeking Alpha
SOFI
Earnings
- 4/29/26 - In-Line
SOFI
Sec Filings
- 4/29/26 - Form 8-K
- 4/27/26 - Form SCHEDULE
- 4/23/26 - Form 4
- SOFI's page on the SEC website