SoFi Technologies (SOFI) Stock Before the Open on December 8, 2025: $1.5B Share Sale, Premarket Price and Key Forecasts

Key Takeaways Before the Bell

• Premarket price: SoFi Technologies (NASDAQ: SOFI) is trading around $27.5–$27.6 in premarket on Monday, December 8, 2025, down roughly 0.5–0.7% from Friday’s close of $27.78, on modest before-hours volume of about 48,000 shares. ^[1]
• Major overhang: The stock is digesting a $1.5 billion underwritten public offering of roughly 54.5 million new shares at $27.50, with underwriters able to buy another ~8.2 million shares. That’s roughly 4.5–5% potential dilution versus the current share count. ^[2]
• Timing: The offering is expected to close today, December 8, making this session a key “price discovery” day around the $27.50 offer level, which now acts as a psychological anchor for traders. ^[3]
• Recent move: After the announcement late Thursday, SoFi shares dropped about 6–7% on Friday, closing at $27.78 on heavy volume around 135–140 million shares, far above normal trading. ^[4]
• Fundamentals still strong: SoFi just reported record Q3 2025 results – about $962 million in net revenue (up ~38% YoY) and $139 million in net income, with membership climbing to 12.6 million and full‑year guidance raised. ^[5]
• Wall Street stance: Analyst consensus is “Hold”, with 12‑month average price targets clustered in the mid‑$20s, implying slight downside or flat performance from current levels, though targets span $12 to nearly $40 – a sign of very divided views. ^[6]
• Technical picture: Short‑term technicals flash “Strong Sell” – SoFi is trading below key moving averages, with a 14‑day RSI around 40 and virtually all daily indicators on “Sell,” even as the longer‑term trend is still up sharply versus 2024. ^[7]

Below is a detailed, news‑style rundown of what’s driving SoFi stock this morning and what to watch as U.S. markets open.

1. Where SoFi Stock Stands Before Monday’s Open

After a volatile end to last week, SoFi enters Monday’s session in price‑discovery mode right around its new offering price.

• Friday close (Dec 5, 2025):
  • Close: $27.78, down 6.15% on the day.
  • Intraday range: roughly $26.93 – $27.93.
  • Volume: about 138 million shares, more than double recent daily averages. ^[8]
• Premarket today (Dec 8, 2025):
  • MarketWatch and Yahoo/Investing.com data show premarket quotes around $27.58–$27.64, roughly 0.5–0.7% below Friday’s close, on before‑hours volume of ~48,000 shares as of around 5:30–8:30 a.m. EST. ^[9]
  • MarketChameleon’s premarket VWAP for today sits near $27.51, again clustering tightly around the $27.50 offering price. ^[10]

In other words, SoFi is trading almost exactly where underwriters sold the new stock, with only a few cents’ premium over the $27.50 offer price. That’s typical when an equity raise is large relative to daily trading volume: the market needs time to absorb the new supply.

2. The $1.5 Billion Share Offering: What Just Happened

Deal structure and dilution math

SoFi’s capital raise is the single biggest story for the stock right now:

• Base deal: about 54.5 million new shares at $27.50 per share, for gross proceeds just under $1.5 billion. ^[11]
• Greenshoe option: underwriters can buy up to ~8.2 million additional shares at the same price, potentially lifting total gross proceeds toward $1.7+ billion. ^[12]
• Dilution: SoFi has about 1.206 billion shares outstanding; the base deal alone adds roughly 4.5% to the share count, and full exercise of the over‑allotment could push that to ~5.2%. ^[13]
• Offering discount: the $27.50 price is about a 7% discount to Thursday’s close of $29.60. ^[14]

SoFi says proceeds will be used for “general corporate purposes”, including strengthening its capital position, improving capital efficiency, and funding incremental growth and business opportunities. ^[15]

Timeline and market reaction

• Thursday night, Dec 4 – SoFi announces the planned share sale. MarketWatch notes that shares fell more than 6% in after‑hours trading, with the discount to the prior close sparking fears of dilution. ^[16]
• Friday, Dec 5 – The offering is fully priced at $27.50, and SoFi stock drops around 6–7% in regular trading to close at $27.78. ^[17]
• Today, Dec 8 – The transaction is expected to close, making today a key test of how quickly the market can digest the new supply. ^[18]

How commentators are framing the deal

Coverage across major outlets is broadly consistent: short‑term dilution risk vs. long‑term growth fuel.

• MarketWatch & Barron’s highlight that SoFi’s stock had nearly doubled in 2025 and was trading near all‑time highs before the deal. They describe the raise as a surprise that knocked the stock below $28, but note that management is using the strong share price to raise relatively cheap equity capital and bulk up the balance sheet. ^[19]
• Investor’s Business Daily points out that this is SoFi’s second large equity raise in about six months, and quotes KBW analyst Tim Switzer calling the move “opportunistic.” His view: the raise may still be EPS‑accretive over time if SoFi can deploy the capital into high‑return lending and platform growth. ^[20]
• Investopedia emphasizes that SoFi has beaten earnings expectations in seven of the last eight quarters and that the stock is still up roughly 90%+ year‑to‑date, but flags the share sale as a reminder that management is leaning heavily on equity markets to fund expansion. ^[21]
• 24/7 Wall St (Dec 8 article) argues that, despite the sharp pullback, long‑term holders remain well ahead, with SoFi up about 79% year‑to‑date, and frames the drop as a potential chance to buy a structurally strong fintech at a slightly cheaper price. ^[22]

The consensus: short‑term pain, long‑term optionality – if SoFi executes and doesn’t turn repeated equity raises into a habit.

3. Fundamentals After Record Q3 2025

One reason the offering is controversial—but not outright alarming—is that SoFi’s underlying business has rarely looked stronger.

Headline numbers

From SoFi’s official Q3 2025 earnings release and follow‑up coverage: ^[23]

• Net revenue: about $962 million, up roughly 38% year‑over‑year, a record for the company.
• Adjusted revenue: around $950 million, beating consensus estimates in the high‑$880 to low‑$900 million range.
• Net income: about $139 million, more than doubling from the prior year’s quarter; EPS of $0.11 vs a consensus around $0.08.
• Membership: SoFi added roughly 905,000 new members in Q3, bringing total members to about 12.6 million – a year‑over‑year increase in the mid‑30% range.
• Product growth: about 1.4 million new products added, up around 36% year‑on‑year, with cross‑buy rates around 40% for products opened by existing members.
• Guidance raise: SoFi now guides to $3.54 billion in adjusted revenue and around $1.035 billion in adjusted EBITDA for 2025, alongside $455 million in adjusted net income – all above prior guidance.

These numbers confirm what several outlets, including Reuters, Yahoo Finance and Investors Business Daily, describe as a record quarter with broad‑based strength in lending, fee‑based businesses and platform revenue. ^[24]

Strategic moves behind the numbers

Recent reporting and SoFi’s own commentary highlight several growth initiatives that contextualize the capital raise: ^[25]

• Bank charter & deposits – SoFi’s national bank charter allows it to fund loans with a growing, low‑cost deposit base, boosting net interest margins.
• Tech & platform expansion – The Galileo and Technisys platforms are powering third‑party banking and fintech clients, turning SoFi into both a consumer bank and a “banking‑as‑a‑service” provider.
• Crypto and blockchain – SoFi is relaunching crypto trading (SoFi Crypto), adding dozens of digital assets; leadership has also telegraphed plans for a SoFi USD stablecoin in 2026 and a partnership with Lightspark to use blockchain for cross‑border payments. ^[26]
• New products – Rollout of Level 1 options trading, an AI‑focused ETF, and a co‑branded debit card, alongside continued growth in personal loans and mortgages. ^[27]

From a fundamental standpoint, SoFi is shifting from “growth at all costs” to profitable growth, with scaled technology and cross‑selling driving operating leverage. That’s why many commentators see the equity raise as strategic, not desperate—but it still dilutes existing holders.

4. What Forecasts and Analysts Are Saying

Street consensus: “Hold,” with modest downside

Across several aggregators, the picture is surprisingly consistent:

• MarketBeat: 23 analysts, average 12‑month target ~$24.88, with a high around $38 and a low around $12, implying about 10% downside from the recent price near $27.8. ^[28]
• StockAnalysis: 15 analysts, consensus “Hold”, average target about $24.7, again ~11% below current levels, with targets spanning $12 to $37. ^[29]
• TipRanks: Over the last three months, SOFI has received 9 Buy, 14 Hold, and 5 Sell ratings, with an average price target around $26.96 – roughly in line with the current share price. ^[30]
• Benzinga analyst dashboard shows a very wide range of targets, from as low as $3 to the high $30s, underscoring how polarizing the stock remains even after its 2025 rally. ^[31]

Some recent bank targets compiled by QuiverQuant: JP Morgan at $26, Keefe Bruyette & Woods at $18, Goldman Sachs at $24, Morgan Stanley at $18, Mizuho at $31, and Needham at $29. ^[32]

Big picture: Wall Street, on average, sees limited upside over the next year from current levels, but the dispersion in targets is huge. That’s typical for high‑growth, newly profitable fintech names.

Independent long‑term forecasts

Several non‑Street models and narratives are more bullish:

• A 24/7 Wall St long‑term forecast published Dec 5 projects SoFi’s stock at roughly $29.41 in 2025 (essentially flat vs recent prices) but rising to about $55 by 2030, nearly 87% above current levels, based on revenue growing from ~$2.84 billion (2025) to ~$5.34 billion (2030) and applying a ~3.5x price‑to‑sales multiple. ^[33]
• Algorithmic models from platforms like CoinCodex see SoFi trading in the mid‑20s to high‑20s in 2025, with a very wide range into 2030 (roughly high teens to mid‑40s), again reflecting high uncertainty. ^[34]

These are not guarantees, but they show that many long‑horizon models assume SoFi can keep compounding revenue in the mid‑teens to low‑20s percentage range while expanding margins.

5. Technical and Sentiment Snapshot Heading Into the Open

From a purely technical standpoint, today’s tape is fragile.

Technical indicators

Investing.com’s daily technical summary for SOFI on December 8, 2025 shows: ^[35]

• Overall daily signal: “Sell”, with a technical indicators summary of “Strong Sell” (0 Buy, 11 Sell signals).
• Moving averages: 1 Buy vs 11 Sell signals across 5‑ to 200‑day MAs. For example:
  • 5‑day MA around $27.64 (slightly above premarket), marginally positive.
  • 50‑day MA around $29.09 and 200‑day MA around $28.8, both above Friday’s close, indicating the stock has broken below key trend lines.
• 14‑day RSI: about 40.6, suggesting the stock is weak but not yet oversold.
• Other oscillators (Stochastics, MACD, CCI, Williams %R) are mostly on Sell, with ATR flagging high volatility.

StockInvest.us highlights the same dynamic: SoFi has risen in 7 of the last 10 sessions and gained ~11.5% over the past two weeks, but Friday’s drop came on sharply higher volume, a classic sign of “distribution” as traders react to the offering. ^[36]

Longer‑term context

• TradingView data shows SoFi hit an all‑time high near $32.73 on November 12, 2025, while its all‑time low was around $4.24 in late 2022. ^[37]
• Current prices in the high‑$20s keep the stock well above its early‑2024 levels but below its recent peak, positioning it in a “cool‑down zone” rather than a collapse.

From a sentiment and technical standpoint, short‑term momentum is clearly bearish, but long‑term holders are still deep in the green.

6. Macro Backdrop: Rates, Futures and Risk Appetite

This morning’s broader backdrop is moderately supportive:

• Simply Wall St’s “Morning Bull” update notes that S&P 500 futures are edging higher (~0.2%), with investors balancing sticky but easing inflation (PCE around 2.8% YoY) against expectations for future Fed rate cuts. ^[38]
• In that same update, SoFi is singled out among top losers, down 6.15% after completing the $1.5 billion follow‑on equity offering. ^[39]

For SoFi, which has a beta well above 2 and derives much of its appeal from long‑duration growth, anything that supports risk appetite and lowers rate expectations is a tailwind. At the same time, equity raises tend to land better when markets are calm and indices are near highs—which is roughly the case now.

7. What to Watch in SoFi Stock Today

Here are the key issues that traders and investors are likely to focus on as U.S. markets open:

1. Price action vs. the $27.50 offering level
   • If SoFi holds above $27.50 and attracts buying, it suggests strong demand for the new shares and confidence in management’s capital allocation.
   • A decisive break below $27.50 with heavy volume would signal that the market hasn’t finished repricing dilution risk.
2. Follow‑through volume
   • Friday’s 130M+ shares traded was an “event day.” A second high‑volume session today would show that institutional investors are still actively repositioning around SoFi. ^[40]
3. Underwriter and hedge‑fund activity
   • Large offerings often come with hedging and stabilization trades from underwriters and fast‑money funds. Choppy intraday moves around the deal price would not be unusual.
4. Any commentary on capital use
   • Investors will be listening closely for management remarks—whether in media, conferences, or social posts—about how quickly and where this capital will be deployed (loan growth, tech investments, acquisitions, etc.). ^[41]
5. Analyst reactions or rating changes
   • So far, the Street reaction has been neutral‑to‑cautious. Any new upgrades/downgrades or revised targets in response to the deal could sway sentiment, especially if major banks significantly raise or cut their targets. ^[42]
6. Crypto and product‑expansion news
   • With SoFi rolling out SoFi Crypto and preparing a stablecoin launch in 2026, any additional disclosures about user uptake or regulatory progress could re‑ignite the growth narrative, particularly among retail traders who view SoFi as a fintech‑crypto hybrid. ^[43]

8. Takeaways for Different Types of Investors

Important: The following is general information, not individualized investment advice. Always consider your own financial situation and risk tolerance.

• Short‑term traders / day‑traders
  • Today is all about liquidity and the $27.50 “battle line.” Expect sharp moves around that level as the deal closes and arbitrage/hedge trades get unwound. Technical indicators skew bearish, so failed intraday rallies could be sold into until the stock proves it can reclaim and hold prior support levels in the high‑$20s. ^[44]
• Swing traders (weeks to months)
  • The setup is mixed:
    • Bearish – short‑term technicals, fresh dilution and the stock trading below 50‑ and 200‑day MAs. ^[45]
    • Bullish – record Q3, raised 2025 guidance, and significant capital raised for future growth. ^[46]
  • Many tactical traders will wait to see if the stock stabilizes above the offer price and whether volume normalizes before initiating new positions.
• Long‑term investors (multi‑year)
  • The core debate remains unchanged:
    • Bull case – SoFi is building a one‑stop digital financial platform with a bank charter, high member growth, expanding fee‑based businesses, and a clear path to margin expansion. Long‑term forecasts from sources like 24/7 Wall St envision significant upside by 2030 if management hits its revenue and EPS targets. ^[47]
    • Bear case – The company continues to tap equity markets, diluting shareholders, and the stock already embeds a lot of growth optimism, as seen in rich multiples and a wide range of analyst targets. ^[48]

Bottom Line

Heading into the December 8, 2025 open, SoFi Technologies’ stock is balanced on a knife‑edge between a powerful growth story and very real dilution fears. Premarket trade just above the $27.50 offering price suggests that, for now, the market is willing to give the company the benefit of the doubt—but the next few sessions will be critical in showing whether new buyers step in or whether existing holders continue to sell into strength.

As always, anyone considering SOFI should review the official filings and earnings materials, stress‑test their assumptions about growth and margins, and make sure any position size fits their risk tolerance in what remains a high‑beta, high‑volatility fintech stock.

References

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