SoFi Stock Surges 230%: Fintech Boom or Bubble Ahead of Q3 Earnings?
SoFi Technologies – originally a student loan refi startup – has morphed into a full-suite fintech bank, attracting younger customers to its app-based services. This year alone, SOFI stock has more than tripled ts2.tech ts2.tech. After a brief profit-taking lull in early October, the rally resumed. On Oct. 20 SoFi spiked ~8% intraday on an analyst upgrade, erasing much of the pullback ts2.tech. Investors’ main focus is the Oct. 28 Q3 report. Wall Street forecasts called for ~$880–890 million in Q3 revenue and about $0.08 EPS ts2.tech nasdaq.com. Analysts expect SoFi to continue its trend of “beat-and-raise” performances – last quarter SoFi handily topped estimates and lifted full-year guidance ts2.tech nasdaq.com. Indeed, the actual results came out even stronger: $950M revenue and $0.11 EPS reuters.com. Management immediately increased the 2025 profit forecast and highlighted members’ robust financial health reuters.com reuters.com.