SoFi Technologies Stock Hits 52-Week High: What's Driving The Momentum?

Zinger Key PointsSoFi stock surged over 30% in June, driven by strong growth guidance and crypto expansion plans.SoFi is due to report earnings results for the second quarter at the end of the month.From tariffs to inflation, macro risks are rising—Matt Maley reveals how he’s trading it all, live this Wednesday July 9 at 6 PM ET.SoFi Technologies Inc.SOFIshares are trading higher Monday, hitting a new52-week high of $19.29.What To Know:SoFi shares are up approximately 33% over the past month on continued momentum that saw the stock climb to new 52-week highs on Monday.Last month, SoFi's CFOChris Lapointereaffirmed the company's financial targets at the William Blair Growth Stock Conference, projecting adjusted net revenue to exceed $3 billion by 2025 and annual growth above 25% through 2026. The bullish targets appeared to help add to the momentum in the fintech stock.SoFi also announced a new push into digital assets late last month. SoFi confirmed plans to introduce cryptocurrency trading later this year, including in assets like Bitcoin and Ethereum. The company said it also plans to offer new crypto-backed loans and cross-border payment tools and broaden its offerings to stablecoins. CEOAnthony Notoalso emphasized that blockchain technology would be integrated across SoFi's entire suite of services.Truist Securities initiated coverage in early June with a Hold rating and a $14 price target. Other recent analyst coverage includes a price target increase to $12 from Barclays and a price target hike to $15.50 from UBS. Sofi has a Street-high target of $20 and a consensus analyst target of $11.31, according to Benzingaanalyst data.SoFi also has short interest of approximately 13.6%, which may be helping fuel some of the recent rally in shares. The company scheduled its second-quarter earnings for July 29 last week. Analysts currently expect the company to report earnings of 6 cents per share and revenue of $801.49 million, according toBenzinga Pro.SOFI Price Action:SoFi Technologies shareswere up 2.95% at $19.12 at the time of publication Monday, according toBenzinga Pro.Loading...Loading...Read Next:Wall Street Slumps, Dollar Jumps After Trump’s Tariff Blitz: What’s Moving Markets Monday?.SOFISoFi Technologies Inc$19.022.45%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum96.75Price TrendShortMediumLongOverviewThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:NewsMoverswhy it's moving