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SoFi shares plunge 41% YTD despite record revenue and new enterprise crypto banking launch.

Market News
03 Apr 2026
24/7 Wall Street
View Source
Bullish
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SoFi Technologies' stock dropped 41% year-to-date amid broader fintech sector weakness and inflation concerns, despite reporting its first $1 billion revenue quarter and strong Q4 earnings. The company recently launched Big Business Banking, a platform combining fiat and crypto asset management under a regulated bank, targeting institutional clients. This move positions SoFi uniquely by bridging traditional finance and crypto with real-time payments and stablecoin services. Analysts see significant upside potential, with a consensus target price suggesting 63% gains, making the current price a buying opportunity despite some risks like rising loan charge-offs and macroeconomic uncertainties.

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