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SoFi stock drops over 40% despite strong earnings and record loan growth, but remains a buy with upside potential.

Company Fundamentals
10 Sep 2026
24/7 Wall Street
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Bullish
SoFi stock drops over 40% despite strong earnings and record loan growth, but remains a buy with upside potential.

SoFi Technologies' stock has fallen nearly 47% from its 52-week high despite posting record loan originations and beating earnings estimates for the fifth consecutive quarter. The company reported strong Q2 2026 results with $1.22 billion in revenue, a 61% increase in GAAP net income, and raised its full-year revenue guidance. Management highlighted continued growth in members and product adoption, with a bullish price target of $18.31 and potential upside to $24 if growth continues. Risks include a decline in technology platform revenue and potential interest rate hikes, but overall fundamentals support patience for investors.

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