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Barchart
Mohit Oberoi

Sofi Stock Is Failing to Break $20 This Year, but You Shouldn’t Give Up Yet

SOFI

2026 hasn’t been pleasant for SoFi (SOFI) investors, and the stock is down around 27% for the year. After peaking above $30 last year, it hasn't crossed $20 for the past several months. While there have been intermittent rallies and SOFI stock is up almost 14% in a month, it has somehow developed cold feet whenever it gets closer to $20, including amid the recent upswing.

The recent uptrend in SOFI seems driven by the optimism over cryptocurrencies. Notably, SoFi relaunched its crypto trading business late last year, and the timing couldn’t have been worse as digital assets crashed subsequently, pulling down stocks across the cryptocurrency ecosystem. However, digital assets have seen a rebound after U.S. President Donald Trump recently pushed Congress to pass the Digital Asset Market Clarity (CLARITY) Act.

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