SoFi Technologies, Inc. (NASDAQ:SOFI) shares are declining on Thursday as risk appetite cools in parts of the market, keeping pressure on higher-beta financial and fintech names.

The Nasdaq is down 0.18% while the S&P 500 has shed 0.17%.

Investor positioning ahead of SoFi’s first-quarter results on April 29 is also driving near-term volatility.

At the same time, escalating geopolitical tensions have dampened risk appetite.

SoFi Launches Digital HELOC

Separately, SoFi on Wednesday announced an expansion of its home lending business with a fully digital HELOC platform and a new Real Estate Advisory Council, aiming to simplify access to home equity and improve the homebuying experience.

The move targets rising demand for home equity financing, as more homeowners stay put and tap existing property value. SoFi said it serves over 135,000 homeowners, with originations nearly doubling in 2025.

The company is also scaling its loan officer network and agent partnerships to speed up transactions and offer competitive rates, flexible terms, and added incentives like lender credits.

Technical Analysis

SoFi is sitting in the middle of its 52-week range ($10.80 to $32.73), which fits a “reset” phase after last year’s run and subsequent pullback. The stock is trading 10.4% above its 20-day simple moving average (SMA) and 14.7% below its 100-day SMA, a split that suggests short-term strength but a still-damaged intermediate trend.

The moving average convergence divergence (MACD), a trend/momentum measure, is above its signal line and the histogram is positive, which leans toward improving upside momentum versus the prior downtrend. In everyday terms, MACD being above the signal line points to buyers gaining traction, even if the longer trend hasn’t fully healed.

The death cross in March (50-day SMA below the 200-day SMA) still matters because it often acts like “overhead gravity” during rebounds. That’s reinforced by the stock trading 21.2% below its 200-day SMA, which is consistent with sellers defending longer-term levels on strength.

  • Key Resistance: $19.00 — a nearby area where rebounds can stall if sellers stay active.
  • Key Support: $16.50 — a level where buyers previously showed up and may defend again.

SoFi is up 59.88% over the last 12 months, which shows the longer-term tape has still rewarded dip-buying despite big swings. The catch is that the stock remains well below its 52-week high, so bulls typically want to see sustained reclaiming of longer-term averages to confirm a cleaner trend.

SoFi Earnings & Analyst Outlook

The countdown is on: SoFi Technologies is set to report earnings on April 29, 2026 (confirmed).

  • EPS Estimate: 12 cents (Up from 6 cents YoY)
  • Revenue Estimate: $1.05 Billion (Up from 77 cents Billion YoY)
  • Valuation: P/E of 48.9x (Indicates premium valuation relative to peers)

Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $25.25. Recent analyst moves include:

  • Argus Research: Initiated with Hold (April 15)
  • Goldman Sachs: Neutral (Lowers Target to $20.00) (April 14)
  • Wells Fargo: Equal-Weight (Lowers Target to $18.00) (April 9)

Benzinga Edge Rankings

Below is the Benzinga Edge scorecard for SoFi Technologies,, highlighting its strengths and weaknesses compared to the broader market:

  • Momentum: Neutral (Score: 31.75) — The stock’s recent trend is mixed, not decisively leading or lagging.
  • Growth: Strong (Score: 92.22) — The market is pricing in above-average growth expectations versus many peers.

The Verdict: SoFi Technologies’ Benzinga Edge signal reveals a growth-heavy profile, with strong growth characteristics but only moderate momentum confirmation. For longer-term bulls, the key question is whether improving momentum can persist long enough to reclaim major long-term trend levels.

Top ETF Exposure

  • Vanguard Small Cap ETF (NYSE:VB): 0.43% Weight
  • Vanguard Small Cap Growth ETF (NYSE:VBK): 1.00% Weight
  • ARK Fintech Innovation ETF (NYSE:ARKF): 3.92% Weight

Significance: Because SOFI carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

Price Action

SOFI Price Action: SoFi Technologies shares were down 1.65% at $18.74 at the time of publication on Thursday, according to Benzinga Pro data.

Photo by PJ McDonnell via Shutterstock