SOFI’s Stock Dips Below $21 Ahead of Earnings: What To Expect

SoFi Technologies is slated to release its second-quarter 2025 earnings before the market opens tomorrow, with plenty of eyes likely to be on the print. The SoFi stock price (NASDAQ: SOFI) is down 1.72% today at $20.84, with bulls taking a breather, having seen a new high at $22.74 hit in the past couple of weeks.

The company's guidance for Q2 anticipates adjusted net revenues between $785 million and $805 million, adjusted EBITDA ranging from $200 million to $210 million, and EPS between $0.05 and $0.06.

Analysts, however, are slightly more bullish, projecting an EPS of $0.06 (up from $0.02 Y/Y) and revenue of $804.36 million, for a 34.7% sales growth rate.

This sets the stage for a potentially volatile earnings release, with revisions coming from both bulls and bears into the print. SoFi has already demonstrated its ability to beat expectations however, reporting a Q1 EPS of $0.06 against an estimated $0.03, and revenues of $763.81 million, exceeding the $739.93 million expected.

SoFi's stock has been on a tear over the past year, climbing 183% in the past 12 months, and 47% since the turn of the year. With the psychological $20 level likely to provide some support as the stock pulls back from highs, analysts have been revising price targets pretty close to that bar.

In recent weeks, Truist ($20 from $14), Barclays ($18 from $12). TD Cowen ($21) and Citizens JMP, have all rated the stock as Hold, or equivalent, with price targets close to the current price action. JMP downgraded the stock from Outperform, whilst the remainder either held in place existing ratings, or initiated coverage (in the case of TD Cowen).

Keefe Bruyette did raise their price target on SOFI earlier in July, yet the $13 price target, and Underperform rating made it clear that whilst the firm see's revenue being boosted 3-5% by the one big beautiful bill, the current value has disconnected from their view on fundamentals.

Currently, the average one-year price target sits at $16.95, implying a downside from current levels. This target reflects a cautious stance from analysts, with one downwards EPS revision, and one upside move in the past week leading into earnings.

In order to maintain momentum, SoFi likely needs to not only meet expectations but outperform, demonstrating a clear path to further profitability and justifying its premium valuation.