Here's How Much Traders Expect SoFi Stock To Move After Earnings This Week
Options pricing suggests investors expect SoFi shares to move approximately 9.4% in either direction in the days after Tuesday's report. Based on last week's closing price of $21.20, that move would put SoFi's stock price at either $23.19, its highest since 2021, or $19.21, a nearly four-week low.
SoFi stock has moved an average of 4.6% after its four most recent earnings reports. Shares tumbled more than 10% in January when the company issued disappointing full-year guidance, but inched 0.5% higher after reporting record net revenue and raising its guidance in late April.
SoFi Stock Price Has Doubled Since Early April Lows
SoFi shares are up about 35% since the start of the year. The stock declined throughout March and early April amid macroeconomic uncertainty. At its lowest, it was down as much as 40% for the year. But trade deals and resilient economic data have helped lift the stock about 120% since early April.
Analysts are generally lukewarm on the stock at its current price. Of the 11 analysts tracked by Visible Alpha with current ratings on SoFi stock, seven rate it a "hold," while two rate it a "buy" and two recommend selling. The average price target of $15.44 is about 27% below the stock's closing price on Friday.
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