New York, Feb 26, 2026, 07:04 (EST) — Premarket
- SoFi edged up 0.4% before the bell to $19.36, after closing Wednesday’s session at $19.29, a gain of 3.4%.
- Fintechs exposed to interest rates grabbed attention ahead of upcoming U.S. jobless claims figures and the producer inflation report due Friday.
- Investors are eyeing if the recent bounce sticks, with shifting expectations for rate cuts in play.
SoFi Technologies ticked up 0.4% to $19.36 ahead of Thursday’s opening bell, building on a 3.4% gain to $19.29 at Wednesday’s close. (Public)
SoFi’s shares have been twitchy whenever U.S. rate forecasts shift — and there’s no sign the backdrop is settling. Chicago Fed President Austan Goolsbee signaled rate cuts are on the table if inflation cools, though he cautioned against banking on productivity gains to handle the Fed’s work just yet. (Reuters)
Futures on Wall Street hovered near unchanged levels early Thursday. Nvidia’s earnings landed without much fanfare, leaving traders looking ahead to the next batch of numbers. Weekly jobless claims arrive later in the morning, and the producer price index follows on Friday. (Reuters)
SoFi’s most recent big update landed with its Jan. 30 quarterly release, showing a notable profit surge fueled by robust loan demand and fast-rising fee-based revenue streams. CEO Anthony Noto pointed to “financial health remained strong” among members, noting as well that changing policy proposals could influence borrowing patterns. (Reuters)
SoFi, in an investor note out this month, pointed to two equity offerings planned for 2025, saying they pulled in $3.3 billion in gross proceeds. The move boosts flexibility for the balance sheet, but investor dilution lingers as a concern. “The bar is really high” for acquisitions, CEO Anthony Noto told analysts during the earnings call. (s27.q4cdn.com)
This week’s bounce hasn’t pulled the stock anywhere close to last year’s peak—SoFi remains deep in high-beta fintech territory. According to TradingView, shares have swung between $8.60 and $32.73 over the past 52 weeks, while the latest market data peg SoFi’s beta at about 2.1. That kind of volatility means the stock typically moves twice as much as the broader market. (TradingView)
But here’s the clear risk: if rates remain elevated and credit losses catch the market off guard, enthusiasm for growth-focused lenders could quickly evaporate. SoFi, along with Upstart and LendingClub, often sees its shares revalued in a hurry when yields spike or consumer credit stumbles.
Analyst activity hasn’t quieted in February. Earlier this month, JPMorgan bumped SoFi up to “Overweight” and slapped a $31 price target on the stock, pointing to its valuation following a post-earnings dip, Investing.com reported. (Investing.com)
Thursday’s 8:30 a.m. ET release of weekly initial jobless claims is up next, a data point that tends to jolt Treasury yields and rate-sensitive stocks alike. (FXStreet)
The January producer price index (PPI) lands Friday at 8:30 a.m. ET—a key read on upstream inflation that often filters through to what consumers pay. Any surprise could jolt SOFI and other financial stocks sensitive to rate swings heading into the weekend. (bls.gov)
