Is SoFi Stock’s 38% Slide a Buying Opportunity Before April 29 Earnings?

Shares of SoFi Technologies (SOFI) have declined sharply in recent months, falling more than 38% over the past three months and correcting by more than 48% from their 52-week high of $32.73. The steep pullback reflects a combination of company-specific and macroeconomic concerns that have weighed on investor sentiment.

Part of the pressure stems from concerns about potential equity dilution following the company’s recent capital raises. Investors have also reassessed the stock’s valuation after a strong rally, which left shares trading at elevated levels relative to historical benchmarks. At the same time, broader macroeconomic uncertainty, including ongoing geopolitical tensions and the impact of artificial intelligence (AI) technology on jobs, has contributed to a more cautious market environment for financial technology companies.