SoFi Technologies Inc. (NASDAQ: SOFI) stock is up about 2% in early trading after the company delivered a strong earnings report before the market opened on October 28. The company beat on the top and bottom lines and raised its full-year guidance.
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A highlight of the report was the use of the term “record” to describe the results. In almost every category that matters to investors, SoFi delivered record-high results.
The next record may be the SOFI stock price. It will take some time to see if the results were enough to raise analysts’ price targets. However, for now, the company has once again answered its naysayers.
SOFI Stock: Silencing Its Doubters Again
Prior to this year, SOFI stock fell into what I’ve termed a group of “yeah, but” stocks. Quarter after quarter, analysts and investors would raise concerns, SoFi would deliver a report that dispelled those concerns, and then the analysts would say, “yeah, but” and introduce more concerns. And the cycle would go on and on.
That pattern has changed in the last year. SOFI stock is up 94% in 2025, making it one of the best-performing stocks in 2025. However, with the stock approaching its 52-week high and well above its consensus target, SoFi faced another “yeah but” argument. That was about its valuation.
It’s a legitimate concern and one that many companies face. However, the company’s earnings reports show that it continues to grow at a strong rate.
Record Results Across the Board
On the top line, SoFi delivered record revenue of $949.63 million. That was 6.1% higher than the estimates for $895.011 million. It was also 36% higher than the $697.10 million reported in the prior year.
However, earnings are the primary driver of stock price growth, and the results on the bottom line were even stronger. Earnings per share (EPS) of 11 cents per share came in 29% higher than the 8.8 cents that was forecast. It was also a whopping 120% higher on a year-over-year basis. And like revenue, it was also a record number for the company.
It doesn’t stop there. Some more highlights from the company’s report include:
- Record adjusted EBITDA of $277M
- Record loan originations of $9.9B in the quarter
- Record highs in members and products
- An all-time high (i.e., a record) for brand awareness
SoFi Continues to Build on Its Strengths
One of the features attracting private investors to SoFi is the strength of its personal loan profile. These loans give investors the opportunity to profit from interest rates of 10% or higher. However, the added appeal of SoFi’s portfolio is that the company focuses on high-quality borrowers, which decreases the default risk.
In the quarter, SoFi reported personal loan originations rose 53% to $7.5 billion, which was … another record for the company. Student loan originations came in at $945 million, another record and nearly double on a year-over-year basis.
Another growth driver for SoFi is its member growth. And as listed above, that was another record. This is further evidence that the company’s online first and online only approach to banking is catching on, particularly with the coveted Gen-Z audience. Technology allows more banking to be done online, which plays into the strength of SoFi.
Should You Buy SOFI Stock at a New All-Time High?
SOFI stock has seen considerable momentum, rallying to $30.79 and now sitting roughly 27% above its consensus analyst price target. The stock recently broke out above a minor resistance level near $30, putting it close to its 52-week average and reaffirming the strength of its current uptrend, as evidenced by price action above the 50-day SMA at $26.85.
The MACD histogram is also turning positive, with the line above its signal and trending upward, suggesting continued bullish momentum for now. However, with RSI approaching 64, SOFI is edging into overbought territory. This is a technical signal that can often precede short-term corrections as buying activity stretches.
That means investors should be cautious of chasing shares higher at these levels, as the premium above price target implies increased risk of valuation-driven pullbacks, especially if sentiment shifts or profit-taking intensifies. Notably, heavy call option activity at strike prices of $30 and $32 ahead of 10/31 expiry signals traders are aggressively positioning for further upside near-term, but it also raises the odds of a volatility spike if momentum fades.
If SOFI retraces, a more attractive entry opportunity could emerge around the $27-$28 zone, near the 50-day SMA and areas of recent support, where dip buyers previously stepped in. In summary, while momentum remains constructive in the short term, caution is warranted for investors entering at current levels; a reset to the $27 range could offer a more favorable risk/reward setup if the rally cools.
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