New York, June 16, 2026, 04:29 (ET).
- SoFi Technologies picked up 3.3% Monday to close at $17.13. Volume was above average.
- The move came while Wall Street rallied. Lower oil prices and fading inflation worries pushed stocks higher.
- The Fed’s June 16–17 meeting is likely the next main catalyst. SoFi’s next test should be its Q2 earnings, which are still unconfirmed but seen in late July.
SoFi Technologies, Inc. (NASDAQ: SOFI) jumped 3.3% Monday to close at $17.13. Shares got as high as $17.43 in the session. About 76 million shares traded, above average. SOFI finished last session at $16.58. The move put the stock above its 50-day moving average, but it’s still trading below the 200-day—often a focus for traders watching longer-term momentum.
Sofi picked up gains as U.S. stocks rallied Monday. A preliminary U.S.-Iran deal pushed oil prices down and eased some inflation worries, according to Reuters. The Nasdaq climbed 3.07%, the S&P 500 was up 1.65%, and the Dow finished at a new record. Lenders like SoFi and other fintech players are closely linked to rate moves—softer inflation brings less risk for higher rates. That tends to help loan demand and can make growth names look cheaper to fund and value.
SoFi shares are still pressured after the company’s latest earnings. The company posted adjusted net revenue of $1.1 billion in the first quarter, a 41% jump from last year. Adjusted EBITDA was up 62% to $339.9 million. Adjusted EBITDA strips out interest, taxes, depreciation, amortization, and some company items—investors often use it as a rough operating income number. Net interest income increased 39% to $693 million. CEO Anthony Noto said it was “an excellent Q1.” Membership is up 35% to 14.7 million, SoFi said. SEC
SoFi shares fell after earnings as the fintech kept its 2026 guidance steady. The company reaffirmed its targets for about $4.655 billion in adjusted net revenue, about 30% annual growth, $1.6 billion in adjusted EBITDA, and adjusted EPS close to $0.60. Reuters reported shares dropped 12% after the April results, with the static outlook outweighing solid numbers. William Blair’s Andrew Jeffrey noted SoFi “did not flow through first-quarter revenue and EBITDA upside.” SEC Reuters
SoFi bulls are betting on speed. Membership is growing, product numbers and deposits are rising, loan volume is up. SoFi takes in fees and earns money on lending. The bear side has plenty to latch onto. MarketBeat has analysts split—consensus rating at Hold, average price target at $22.56, seven Buys, eleven Holds, three Sells in the mix. Shares now trade at about 39 times earnings. SOFI’s beta sits at 2.14, more than twice as volatile as the market. Beta just measures risk. Growth and credit metrics look good for now, but the shares don’t come cheap and there’s still risk for anyone buying in.
Fed meeting ahead, SoFi looking at new guidance
Fed’s June 16–17 meeting is up next, with markets watching for new economic forecasts. Reuters reported most investors expect rates to stick in the 3.50%–3.75% range, but Chair Kevin Warsh’s first major press conference could shift the outlook on possible cuts or hikes. SoFi investors are also waiting to see if the company boosts its full-year outlook with Q2 results. Wall Street Horizon has SoFi’s next earnings as unconfirmed, scheduled for July 28 before the open. Federal Reserve Reuters
