SoFi Technologies, Inc. (SOFI) closed at $17.65 in the latest trading session, marking a +1.91% move from the prior day.
SoFi is growing fast, adding more than 1 million customers in the second quarter, and it's on its way to achieving its goal of high cross-buy. The lending segment is demonstrating momentum, with record originations in the quarter.
Chime's $590 million Stride acquisition validates SoFi's bank-charter advantage but also signals that competitors are rapidly closing the gap. Payward provides SoFi's first meaningful external infrastructure validation, connecting Kraken institutional customers with 24/7 dollar settlement through SoFi's network. SoFi sold or transferred $4.1 billion of Q2 loans, with personal-loan execution reaching 106.5% of principal value.
SoFi and Nu take increasingly different growth paths as scale, cross-selling, AI and diversification reshape their digital banking models.
SoFi just posted record loan originations and its fifth straight earnings beat, yet the stock sits near a 52-week low. Before you cut losses, consider what the bears keep getting wrong about this fintech.
SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) stock is down 3% to $17.50 in Wednesday afternoon trade, slipping despite reported chatter that the digital banking platform is tying up with private crypto exchange Kraken for settlement services.
SoFi Technologies NASDAQ: SOFI CFO Chris Lapointe said the financial-services company entered the second half of 2026 with continued revenue growth, expanding product adoption and a mix of newer businesses that remain in earlier stages of development.
SoFi Technologies, Inc. (SOFI) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript
I rate SoFi Technologies a Strong Buy with a $23 price target, reflecting confidence in its transition to a diversified financial platform. The main growth drivers are lending and the Loan Platform Business, deeper Financial Services cross-buy, and incremental contributions from SoFi Plus, Tech Solutions, and newer products. Management raised 2026 guidance to $4.75–$4.85B in adjusted net revenue and $1.60B in adjusted EBITDA, emphasizing scaling fee-based and Technology Platform revenues.
SoFi Technologies, Inc. (SOFI) concluded the recent trading session at $18.22, signifying a -1.57% move from its prior day's close.
SOFI's Payward tie-up expands SoFiUSD's reach through Kraken while adding digital-asset liquidity and 24/7 dollar clearing.
Financial services app SoFi has joined forces with Payward, parent company of cryptocurrency exchange Kraken. With this partnership, Payward will leverage SoFi's “Big Business Banking” capabilities, join the SoFi Exchange Network (SEN) and list the SoFiUSD stablecoin on its multi-asset trading platform, the companies said in a Thursday (Sept.