"SoFi Technologies stock rose 5% on Wednesday morning, climbing from $18.79 to $19.70 in the premarket hours, driven by retail community chatter about a potential short squeeze and anticipation ahead of Q1 2026 earnings."
"With over 1.27 billion SOFI shares outstanding and institutions holding roughly 56% of the float, any sustained buying from retail and momentum traders can move the needle quickly, especially given the stock's high beta of 2.3."
"SoFi Technologies reports its Q1 2026 results before the market open on April 29, with analysts forecasting revenue of approximately $1.05 billion and EPS of $0.12, consistent with the company's own guidance."
SoFi Technologies stock increased by 5% amid speculation of a short squeeze and anticipation of Q1 2026 earnings. The stock remains down 28% year-to-date. SoFi's high beta of 2.3 indicates volatility, and retail traders are optimistic about a potential squeeze due to recent buying activity from CEO Anthony Noto. The company is set to report earnings on April 29, with analysts predicting revenue of $1.05 billion and EPS of $0.12, consistent with prior guidance. SoFi has a strong track record of beating EPS estimates.
Read at 24/7 Wall St.
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