SoFi Stock a Buy After Falling 43% in 2026?

SoFi Technologies (SOFI) jumped 15% on Tuesday, Oct. 27, after a strong third-quarter report. The stock had been down about 43% year-to-date as of last week, closing Oct. 23 at $14.61 per share; after the rally it traded at $16.40, still down 35% for the year. For the quarter, SoFi reported revenue up 44% year over year to a record $1.4 billion, with fee revenue up 44% to $571 million and net interest income up 59% to $929 million. Adjusted EBITDA rose 70% to a record $470 million, while adjusted net income increased 74% to $243 million, or $0.18 per share. The company raised full-year guidance to $5.04 billion and lifted adjusted EBITDA to $1.66 billion.