{"id":896867,"date":"2026-10-27T23:04:10","date_gmt":"2026-10-27T23:04:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/896867\/"},"modified":"2026-10-27T23:04:10","modified_gmt":"2026-10-27T23:04:10","slug":"stock-market-today-oct-27-sofi-soars-13-after-beating-estimates-and-raising-guidance","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/896867\/","title":{"rendered":"Stock Market Today, Oct. 27: SoFi Soars 13% After Beating Estimates and Raising Guidance"},"content":{"rendered":"\n

SoFi Technologies (NASDAQ:SOFI), a digital financial services platform spanning lending, banking, investing, and technology, closed at $16.40, up 13.42%. SoFi climbed after beating Q3 revenue and earnings estimates and raising full-year guidance. Investors were watching the earnings call for credit trends, loan demand, deposits, and 2027 guidance. Trading volume reached 158.8M shares, coming in about 209% above its three-month average of 51.4M shares. SoFi Technologies IPO’d in 2021 and has grown 34% since going public. <\/p>\n

How the markets moved today <\/p>\n

The S&P 500 (SNPINDEX:^GSPC) rose 0.60% to 7,723, and the Nasdaq<\/a> Composite (NASDAQINDEX:^IXIC) gained 1.18% to 26,478. In consumer finance and digital banking\/fintech, Upstart Holdings (NASDAQ:UPST) closed at $23.71, up 3.09%. <\/p>\n

What this means for investors <\/p>\n

By most measures, it looked like an excellent Q3 earnings call for SoFi Technologies, as: <\/p>\n

net revenue rose 44% <\/p>\n

adjusted EPS soared 64% <\/p>\n

total members increased 35% <\/p>\n

total (financial) products jumped 44% <\/p>\n

products per member inched up to 1.56 from 1.47 last year <\/p>\n

On top of these figures, management raised 2026 revenue guidance from $4.9 billion at the midpoint to $5.04 billion, and set an adjusted EPS target of $0.90. <\/p>\n

As a shareholder, my favorite quote from the earnings report came from CEO Anthony Noto, who explained, “We see a clear path to achieving 100 million products by the end of 2030, which is a 4x increase from where we stand today.” <\/p>\n

SoFi currently trades at 18 times its forward EPS guidance, so this potential cross-selling growth potential isn’t outrageously priced if management can deliver on its ambitious goals. I’m perfectly happy to keep holding my shares and think SoFi offers outperformance potential<\/a> over the long haul as it continues to grow beyond its student loans roots into a full-suite bank. <\/p>\n

Should you buy stock in SoFi Technologies right now? <\/p>\n

Before you buy stock in SoFi Technologies, consider this: <\/p>\n

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks<\/a> for investors to buy now\u2026 and SoFi Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. <\/p>\n

Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $344,608!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,327,222!* <\/p>\n

Now, it’s worth noting Stock Advisor’s total average return is 904% \u2014 a market-crushing outperformance compared to 211% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. <\/p>\n","protected":false},"excerpt":{"rendered":"SoFi Technologies (NASDAQ:SOFI), a digital financial services platform spanning lending, banking, investing, and technology, closed at $16.40, up…\n","protected":false},"author":2,"featured_media":896868,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[5097,28,122,101,939,2993,2994,32455,2995,932,112,32456,20112,147,9323,1170,1666,6480,2996,2997,923,19533,3733,32457],"class_list":["post-896867","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-401k","tag-business","tag-business-news","tag-economy","tag-finance","tag-financial-information","tag-investing","tag-investment-tools","tag-investor","tag-market-news","tag-markets","tag-mortgage","tag-mutual-funds","tag-personal-finance","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/896867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=896867"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/896867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/896868"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=896867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=896867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=896867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}