SOFI Holds $28 Pivot Ahead of Earnings Breakout Test
$SoFi Technologies Inc.(SOFI)$
SOFI +3.31%: sentiment firm ahead of Earnings; $28 key pivot for trend hold
SOFI close $29.01 (+3.31%), intraday range $28.70–29.89, volume 53.15 M vs avg 71.82 M.
Traders positioned early for the upcoming Q3 2025 earnings call (Oct 28, 8 AM EDT), with optimism on loan origination rebound and cost discipline.
Technical outlook:
MACD + RSI + EMA → MACD slope turned positive,
RSI ≈ 58 (bullish but not stretched), price re-established above EMA20 ≈ 28.3.
Momentum favors continuation if $28 support holds.
Resistance targets: $30 → $31.5 → $33.2.
Valuation:
P/E ≈ 58×, EPS ≈ 0.50, β ≈ 1.89, market cap ≈ $34.7 B.
Elevated valuation relative to legacy lenders but justified by stronger digital-finance revenue growth (~30 % YoY). Investors eye improving net-interest-margin stability and expanding cross-sell base.
1–2 week outlook: Range $28–32, bullish bias contingent on earnings beat and updated 2025 guidance. Downside risk if NIM compression persists or loan-loss provisions widen.
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