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SoFi Technologies (SOFI) stock drops 5.8% to $18.06 amid profit concerns
Despite reporting strong Q2 2026 results with a 43% revenue increase, SoFi Technologies' stock declined by 5.8% to $18.06. Investors are concerned that the company's growth is not translating into higher per-share profits, as the adjusted earnings per share guidance for 2026 remains unchanged at $0.60.
Previous briefings
SoFi Technologies (SOFI) stock drops 5.94% to $18.06 amid executive stock sale.
In the past 24 hours, SoFi Technologies' stock declined by 5.94% to $18.06, following an executive stock sale. Executive Vice President Kelli Keough sold 11,286 shares, valued at approximately $203,184, on August 20, 2026. This sale has raised investor concerns about insider confidence and potential future stock performance.
SoFi Technologies (SOFI) stock drops 5.8% after Morgan Stanley cuts price target to $15.
SoFi Technologies' stock declined by 5.8% following Morgan Stanley's reduction of its price target from $16 to $15, maintaining an Underweight rating. Despite reporting strong Q2 revenue, the firm expressed concerns over the company's growth becoming more capital-intensive, potentially impacting long-term returns.
SoFi Technologies (SOFI) stock rises 1.8% to $19.18 amid institutional buying.
In the past 24 hours, SoFi Technologies' stock price increased by 1.8%, closing at $19.18. This uptick follows recent institutional investments, including a $1.07 million position initiated by Philadelphia Investment Partners. Additionally, the company reported strong second-quarter earnings, with revenue up 42.5% year-over-year to $1.21 billion. Despite these positive developments, the stock experienced a 3.5% decline on Monday, closing at $18.24.
SoFi Technologies (SOFI) stock rises 3% to $18.83 amid stablecoin-driven fintech rally.
In the past 24 hours, SoFi Technologies Inc. (SOFI) experienced a 3% increase in stock price, reaching $18.83, driven by a broader fintech rally influenced by stablecoin momentum. This surge aligns with a general uptick in fintech stocks, including Coinbase, which saw a 5% rise.
SoFi Technologies (SOFI) stock rises 3% amid stablecoin sector rotation
In the past 24 hours, SoFi Technologies Inc. (NASDAQ: SOFI) experienced a 3% increase in stock price, aligning with a broader market trend where fintech companies linked to stablecoins saw gains. This uptick is attributed to the stablecoin sector's influence on fintech stocks, with SoFi's own stablecoin, SoFiUSD, contributing to the positive momentum.
No significant market-moving news for SoFi Technologies (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies (SOFI). The stock has maintained stability, with no major news or events impacting its performance.
SoFi Technologies (SOFI) stock rises 5.5% to $18.91 after record Q2 loan originations.
SoFi Technologies reported record loan originations of $14.8 billion in Q2 2026, contributing to a 5.5% increase in stock price to $18.91. Analysts are optimistic about the company's growth prospects, citing strong member growth and engagement across its financial products.
Allworth Financial LP invests $2.27 million in SoFi Technologies, Inc.
Allworth Financial LP has acquired a new position in SoFi Technologies, Inc., purchasing 126,401 shares valued at approximately $2.27 million. This investment reflects growing institutional interest in SoFi's financial services.
SoFi Technologies' stock rises 5.5% to $18.91 amid positive market sentiment.
In the past 24 hours, SoFi Technologies' stock experienced a 5.5% increase, closing at $18.91. This uptick aligns with a broader positive trend in the fintech sector, though no specific company news has been identified to explain the movement.
SoFi Technologies (SOFI) stock drops 2.77% to $17.92 amid market volatility.
In the past 24 hours, SoFi Technologies' stock experienced a decline of 2.77%, closing at $17.92. This movement aligns with broader market fluctuations and does not appear to be driven by specific company news.
Piper Sandler Initiates Coverage of SoFi Technologies (SOFI) with Overweight Rating
On August 18, 2026, Piper Sandler initiated coverage of SoFi Technologies (SOFI) with an Overweight rating and a $22 target price, suggesting an 18.5% upside from the current price. The firm highlighted SoFi's digital-first platform and expanding product offerings as key drivers of growth. This positive outlook follows a strong Q2 earnings report in late July, where SoFi reported adjusted EPS of $0.12, exceeding the $0.11 consensus estimate, and revenue of $1.22 billion, surpassing expectations of $1.11 billion.
SoFi Technologies (SOFI) stock drops 3.52% to $17.66 amid market volatility.
Over the past 24 hours, SoFi Technologies' stock (SOFI) experienced a decline of 3.52%, closing at $17.66. This movement reflects broader market volatility, with no specific company-related news driving the change.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies, Inc. (SOFI). The company continues to operate its diverse financial services platform, which includes lending, banking, and investment products. Traders should monitor upcoming earnings reports and industry news for potential impacts on SOFI's performance.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies, Inc. (SOFI). The stock remains at $18.29, with no major news impacting its performance.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies, Inc. (SOFI). The stock remains stable without notable news or events.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies, Inc. (SOFI). The stock remains stable without notable news or price movements.
SoFi Technologies (SOFI) stock rises 2.68% to $18.43 amid positive analyst outlook.
In the past 24 hours, SoFi Technologies' stock price increased by 2.68%, closing at $18.43. This uptick follows a positive analyst outlook, with Keefe, Bruyette & Woods raising their price target for SOFI to $7.50 from $6.50 and upgrading the stock rating to 'market perform' from 'underperform.' The firm cited reduced near-term negative catalysts and improved earnings outlook due to SoFi's recent capital raise.
SoFi Technologies (SOFI) stock declines 0.25% to $17.94 amid market volatility.
Over the past 24 hours, SoFi Technologies' stock (SOFI) experienced a slight decline of 0.25%, closing at $17.94. This movement reflects broader market volatility, with no significant company-specific news reported during this period.
No significant market-moving news for SoFi Technologies (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies (SOFI). The stock remains stable, with no major news impacting its performance.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no notable developments affecting SoFi Technologies, Inc. (SOFI). The company continues to operate its diverse financial services platform, which includes lending, banking, and investment products. Traders should monitor upcoming earnings reports and industry news for potential impacts on SOFI's stock performance.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies, Inc. (SOFI). The company continues to operate its diverse financial services platform, which includes lending, banking, and investment products. Traders should monitor upcoming earnings reports and industry news for potential impacts on SOFI's performance.
No significant market-moving news for SoFi Technologies (SOFI) in 24 hours
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies (SOFI). The stock has remained stable, with no major news impacting its performance.
SoFi Technologies (SOFI) stock remains stable at $18.38 amid market inactivity.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies (SOFI). The stock price has remained steady at $18.38, with minimal fluctuations. This stability is likely due to the weekend, as financial markets are typically less active during this period.
SoFi Technologies' stock (SOFI) closes at $18.10, down 0.82% on August 6, 2026.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies' stock performance. The stock closed at $18.10 on August 6, 2026, reflecting a slight decrease of 0.82% from the previous close. Currently, there are no major news events or announcements impacting the company's stock.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies (SOFI). The stock remains stable without notable news or price movements.
No significant market-moving news for SoFi Technologies (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies (SOFI). The stock remains at $18.70, with a market capitalization of approximately $25.77 billion. Investors should monitor upcoming earnings reports and regulatory announcements for potential impacts on the stock.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies, Inc. (SOFI). The stock remains stable without notable news or events.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies, Inc. (SOFI). The stock has remained stable without notable price fluctuations or news events.
No significant market-moving news for SoFi (SOFI) in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting SoFi Technologies, Inc. (NASDAQ: SOFI). The company continues to operate its diverse financial services platform, which includes banking, lending, and investment services. Traders should monitor upcoming earnings reports and industry news for potential impacts on SoFi's stock performance.
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AI-generated from public news sources. Not financial advice.