SoFi Stock Surges as New Banking Push Ignites Hopes

SoFi ( (SOFI) ) has risen by 10.21%. Read on to learn why.

SoFi Technologies’ stock climbed 10.21% over the past week as traders embraced a shift toward a more optimistic outlook on the fintech lender. The shares, recently trading around the high teens, benefited from steady buying interest, reflected in options markets where call contracts outpaced puts and implied volatility stayed elevated, signaling strong expectations for further price swings.

The main driver behind the move has been growing enthusiasm for SoFi’s new Big Business Banking platform and the rollout of instant real-time bank transfers via FedNow through its Galileo unit. These launches position SoFi more firmly as an infrastructure player in digital finance, expanding its potential revenue streams beyond consumer lending. The upbeat reaction comes despite earlier pressure from a short-seller report and recent analyst price target cuts, including a reduction of the target to $18 by Bank of America.

Investors also appear to be betting on a broader rebound in fintech stocks and improving economic sentiment ahead of SoFi’s upcoming earnings report. Option markets are pricing in the possibility of a sizable move on results, and with the stock still down sharply year-to-date, some traders view the recent 10.21% weekly gain as a recovery from oversold levels rather than the end of the story. For now, the technical tone around SoFi looks cautiously constructive, with sentiment hovering around a “Hold” but momentum tilting back in the company’s favor.