Should You Sell SoFi Stock Now as the Bears Get Stronger?

While most companies that went public through the special purpose acquisition company (SPAC) route have either gone bankrupt or slipped into oblivion, SoFi (SOFI) is a rare exception. The stock recently rose to record highs and surged past $30, which is three times the SPAC IPO price.

Sell-side analysts were bearish on SoFi over the last couple of years, but the fintech giant got the best of the bears, beating the market hands down in 2023 and 2024. The story is no different this year, as the stock is up 90% for the year already.