SoFi’s all-time high was about $27 per share, but this was during the 2021 SPAC bubble.
More recently, SoFi peaked at $18.42 in January, after several years of largely being ignored by the market.
If SoFi’s business proves resilient in a challenging economic climate, it could certainly reach a new 52-week high.
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SoFi (NASDAQ: SOFI) has been a strong performer for investors, with shares up by 135% over the past year, but the stock is still a long way from its all-time high.
SoFi’s all-time high came in 2021, shortly after it went public through a special purpose acquisition company, or SPAC. Shares peaked at about $27, but it’s fair to say that this was mainly due to the speculative bubble that was going on, especially in SPACs, at the time. By virtually every metric, SoFi is a far stronger business today than it was back then.
Since 2021, SoFi’s membership base has more than tripled, the company’s banking deposit base went from zero to more than $27 billion, and SoFi went from an adjusted net loss of $484 million in 2021 to an expected profit of at least $320 million in 2025.
However, in the post-bubble world, SoFi’s stock price reached a more recent high of $18.42 per share in January 2025, which is less than 30% above the current share price. Let’s take a closer look at the momentum in SoFi’s business, the catalysts that could take it to the next level, and whether SoFi could reach a new high later this year.
As mentioned, SoFi has grown dramatically since becoming a public company, but it isn’t exactly running out of gas just yet. In the first quarter of 2025, SoFi added more than 800,000 new members, its most in a single quarter ever. The company’s members have 15.9 million products, 35% more than a year ago and a sequential acceleration in growth rate compared with the prior quarter.
Not only is top-line growth impressive, but SoFi just finished its first full year of profitability, and on a GAAP basis, not adjusted. Margins are expected to grow rapidly for the next few years, with 2025’s EPS expected to be about 83% higher year over year, according to the company’s own guidance, which it has a strong history of beating.
To be sure, there’s a lot of growth potential throughout SoFi’s business. For example, management has said that its goal is for SoFi to be a “top 10” financial institution, and it would need to more than 10X the size of its banking business to earn a spot on the list. But there are some catalysts that could be especially big growth drivers over the next few years.
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