Why Is SOFI TECHNOLOGIES IN (SOFI) Stock Moving Today?

SOFI stock is moving today amid anticipation of its Q2 2026 earnings report scheduled for July 29. Analysts expect the company to report earnings per share of $0.11 for the quarter. Truist has raised its price target on SoFi to $18 from $17 and maintains a 'Hold' rating ahead of the earnings release. The stock has declined 40% year to date, and the market is closely watching whether the upcoming results can spark a rebound.

What Happened

SoFi Technologies is preparing to announce its Q2 2026 earnings on July 29. Analysts on Wall Street anticipate an EPS of $0.11 for the quarter. Truist has adjusted its price target upward to $18 and continues to recommend a 'Hold' on the shares. The company's stock has struggled in 2026, falling about 37% despite a 41% year-to-date revenue increase. The market is assessing whether the earnings report will provide a catalyst for a turnaround.

What The Data Shows

Over the past eight trading sessions, SOFI has declined 5.1%, moving from $17.80 to $16.88. Insider transactions in the last 90 days include two buys totaling $500K and five sells totaling $2.4M, with the most recent filing on July 21. Recent SEC Form 4 filings show several executives, including EVP Kelli Keough, have sold shares in the past month. Congressional trades for the last 90 days include one buy and three sells, with the most recent transaction disclosed on July 1. The stock currently trades with a market cap of $21.1B, a P/E ratio of 37.0, and a beta of 2.15.

What To Watch

Investors should focus on SoFi’s Q2 2026 earnings report on July 29. The results could influence near-term stock direction, particularly given the company’s mixed performance this year and the recent analyst upgrades. Coverage breadth and additional analyst commentary following the report will also be key to monitor.