TradingKey – SoFi Technologies (NASDAQ: SOFI) has given investors a reason to revisit the stock after a difficult year. Shares jumped 13.42% to $16.40 on October 27, following stronger third-quarter earnings and an ambitious 2027 outlook. The rebound is encouraging, but the next question is whether improving fundamentals can help SOFI sustain a technical recovery above $16.75.
Why Did SOFI Stock Jump After Q3 Earnings?
SoFi reported third-quarter GAAP net revenue of $1.385 billion, up 44% year over year, while adjusted net revenue reached $1.371 billion. GAAP net income rose 73% to $241 million, with diluted earnings of $0.18 per share. Adjusted EBITDA increased 70% to approximately $470 million, representing a 34% margin.
The stock’s…
