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SoFi surges toward yearly highs as strong earnings and renewed crypto push lift sentiment
SoFi’s stock climbed toward its yearly highs after a strong earnings beat and renewed crypto engagement, although elevated valuations continue to prompt cautious optimism among analysts.
SoFi Technologies drew fresh investor attention on November 28 as the stock rallied 4.3% to close at $29.72, moving closer to its 2025 high of $32.73. The advance came on lighter than-usual volume, with 26.4 million shares traded versus a recent average of 74.5 million, indicating steady accumulation rather than momentum chasing. SoFi’s valuation remains elevated, with a trailing P/E ratio around 50–55, far above most consumer finance peers.