SoFi shares plunge 9.6% after unchanged full-year outlook disappoints investors

9 articles · Updated · Barron's · Apr 29

SoFi stock fell to $16.60 on Wednesday despite first-quarter revenue rising to $1.1 billion and 1.1 million new members added.
The fintech's lending revenue jumped 53% to $629 million, but its reiterated 2026 guidance of $4.66 billion revenue and 60 cents EPS failed to impress investors.
SoFi faces ongoing scrutiny after a recent short seller report and sector-wide weakness, though CEO Anthony Noto remains optimistic about growth and recent expansion into cryptocurrency.

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