SoFi Technologies (SOFI) is back in the crypto universe with an expansion of its blockchain abilities. 

The fintech company announced the move as shares have hit a fresh 52-week high of $18.92, powered by its impressive financial performance and business expansion. Investors are now hopeful that its return to cryptocurrency will be a catalyst for further gains. 

Fellow fintech companise Robinhood (HOOD) and PayPal (PYPL) have benefitted recently from their own crypto forays, boosting the bull case for SoFi here. 

About SoFi Technologies Stock

SoFi Technologies (SOFI) is a San Francisco-based digital financial services provider that offers a suite of banking, lending, investing, and insurance products. With more than 10.9 million members, the company operates in the U.S., Latin America, Hong Kong, and Canada. SoFi is one of the most prominent fintech companies disrupting consumer finance, and it currently has a market capitalization that exceeds $20 billion.

SOFI stock has surged more 200% from the 52-week low at $6.01 to trade in the $18.50 range. With shares up nearly 21% in the year to date, it is vastly outperforming the S&P 500 Index ($SPX), which is up about 6.6% YTD as of this writing. Exponential member growth and service expansion has helped SoFi achieve this run.

SoFi trades at a forward price-earnings ratio of about 64.2x and a price-sales ratio of 7.3x. While these multiples are rich relative to traditional banks, they are a function of investor hopes for high growth and high fee-based revenues. 

SoFi Technologies Tops EPS Estimates

SoFi posted record results for Q1 2025 with net revenue at $772 million, a growth of 33% year-over-year, and net income at $71 million. Adjusted EBITDA grew by 46% to a record high of $210 million due to a surge in fee-based revenue, which grew 67% to an all-time high of $315 million. 

Following these results, management raised full-year 2025 guidance. Plus, the crypto relaunch is expected to boost SoFi’s reach and further enable its goal to become a legitimate one-stop-shop for digital banking.

In addition to crypto trading against Bitcoin (BTCUSD) and Ethereum (ETHUSD), SoFi will provide stablecoins, lending against crypto collateral, and staking products. SoFi Money members will also be able to access self-serve international transfers through the app in the near future, the company said, an important step toward cross-border growth.

What Do Analysts Expect for SoFi Stock?

SoFi earns a “Hold” consensus rating rating with the current average price target standing at $14.30, implying downside potential of roughly 22%. The high estimate at $20 implies a somewhat tame potential return of only 8% from here.