Will SoFi stock extend gains after launch of small business loan product?

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SoFi rises 3.01% to $18.67 today

Highlights

SoFi Technologies reported record Q1 2026 revenue of $1.1 billion and net income surged 134%, showcasing strong operational momentum.
Institutional confidence increased with LGT Fund Management Co Ltd. initiating a new $2.75 million position, and SoFi expanded into small business lending with no origination fees.
Technical outlook is short- and medium-term bullish with a high probability of upward movement, projected trading range of $17.74 to $19.60 for the next sessions.

Record revenue and institutional investment as business expands into new lending

SoFi Technologies reported record first-quarter 2026 revenue of $1.1 billion and achieved a 134% increase in net income, highlighting robust operational momentum and improved financial health. According to MarketBeat, LGT Fund Management Co Ltd. recently disclosed a new $2.75 million stake in the company, representing fresh institutional capital and heightened visibility in the investment community. Additionally, SoFi broadened its addressable market by launching small business loans ranging from $2,500 to $250,000 with no application or origination fees, as reported by CNBC.

Upward bias set by short-term averages as long-term ceiling holds

On the hourly chart, SOFI trades above the MA-20 and MA-50, while remaining well below the MA-200 on the daily timeframe. Immediate technical support is established at the Ichimoku Kijun level of $18.65. The expected trading range for the next sessions is $17.74 to $19.6.

High probability for gains as rangebound action limits downside

In the near term, SOFI is anticipated to trade within a sideways corridor between $17.74 and $19.6, reflecting typical volatility around current levels. A break above resistance would target the upper end of this range, while a decline below immediate support could test the lower boundary near $17.74. Price action is likely to be constructive but measured, with the probability of an upward move rated very high and a low likelihood of a downward break.

Anton Kharitonov, expert at Traders Union, sees SoFi Technologies as fundamentally solid after record revenue and net income growth, but the technical setup is mixed. The price holds above short- and medium-term averages, yet longer-term resistance and a tight trading range suggest caution. Market sentiment is buoyed by institutional inflows and new product launches, but upside may be capped without a breakout above $19.6. "Until the price sustains above $19.6, I remain cautious on further gains."

Earlier, analysts noted that mixed momentum signals and renewed selling pressure had put SoFi’s near-term trajectory at a key technical juncture. With the company now delivering record growth and attracting fresh institutional investment, sustained closes above immediate support may support a constructive bias, while traders should monitor for a potential extension toward the upper boundary of the current trading range.

Source of Data: SOFI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.