SoFi reenters crypto market, reaches 52-week high, reports strong Q1 results

SoFi Technologies (SOFI) has reentered the crypto market, expanding its blockchain capabilities, resulting in a 52-week high of $18.92. With a market cap exceeding $20 billion, the San Francisco-based fintech company offers various financial services to over 10.9 million members. Strong Q1 2025 results, including record net revenue and income, have driven its stock up over 200% from its low. Adjusted EBITDA also reached a record high of $210 million due to increased fee-based revenue. The company’s forward price-earnings ratio is about 64.2x, reflecting investor optimism for growth and fee-based revenues. Management raised full-year 2025 guidance following these strong financial results. In addition to crypto trading, SoFi will offer stablecoins, lending against crypto collateral, and staking products to further expand its services. Self-serve international transfers for SoFi Money members will also be available soon, facilitating cross-border growth. The average price target for SoFi stands at $14.30, implying a potential downside of 22%, with the high estimate of $20 suggesting an 8% potential return.

Read more at Yahoo Finance: SoFi Stock Is Betting on Crypto Again. How Should You Play SOFI Stock Here?