SoFi Technologies ($SOFI) rose on April 29, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
-13.48% plunge; volume spike 2.3x average; earnings beat but cautious guidance
The Bull Case
Revenue beat; record earnings; potential value trap at lower prices; fintech growth story intact
The Bear Case
Massive selloff despite earnings beat signals guidance disappointment; cautious forward outlook; high short interest (12.64%); momentum broken; P/E 41.78 still elevated
Price Target & What to Watch
$23.57 analyst target (vs. $15.89 current)