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Barchart
Amit Singh

SoFi Stock Builds Momentum Ahead of Q2 Earnings. How to Play It Here.

SOFI SoFi Technologies

SoFi Technologies (SOFI) will release its second-quarter earnings on Wednesday, July 29. After spending much of the year under pressure, SoFi shares have staged a notable comeback, climbing more than 10% over the past month. Even so, the stock remains down more than 30% year-to-date (YTD), leaving plenty of room for a recovery if the company delivers another strong quarter.

The key catalyst for SOFI stock would be a reacceleration in its non-lending businesses. Strong execution in these segments, along with upbeat guidance, could push the stock higher.

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