SoFi Stock Surges 230%: Fintech Boom or Bubble Ahead of Q3 Earnings?
SoFi Technologies shares have surged about 230% in 2024, closing near $30 on Oct. 27 after hitting a record high. The company beat Q3 forecasts with $950 million in revenue and raised its 2025 EPS outlook. Wall Street remains split, with targets ranging from $18 to $31. SoFi’s core refinance business jumped 35% in Q3, and the stock remains volatile and heavily traded.