Analysis of SoFi Earnings Expectations and Stock Outlook
SoFi Technologies (SOFI) is set to release its Q2 earnings before the market opens on July 29, with analysts expecting $1.11 billion in revenue and EPS of $0.11, a year-over-year increase of 37.5%. The stock has declined by about 40% from the start of the year amid ongoing pressure. Options pricing suggests optimism for an upside move, as evidenced by a put-to-call ratio of 0.58x and upper price targets near $18.11. However, technical indicators show weakness with shares below key moving averages and RSI in the mid-40s, signaling selling pressure. Despite insider sales from executive Kelli Keough, SoFi's valuation at a forward P/E of 28x is more attractive than Robinhood (HOOD) at around 50x. Wall Street maintains a 'Hold' rating but sets an average price target near $21, implying potential upside.
Tickers: $SOFI
Topics: options pricing SOFI earnings stock price movement technical indicators