SoFi Technologies ($SOFI) rose on May 19, 2026. Here's the breakdown of what drove the move and what traders are watching next.
What Happened
-3.15% decline; fintech competition; high short float (12.78%)
The Bull Case
Fintech disruption narrative; fintechs courting customers from legacy banks; crypto bill tailwinds
The Bear Case
Significant selloff; elevated short interest; P/E 33.8 despite low EPS ($0.44); rising rates pressure lending margins
Price Target & What to Watch
$20.85