SOFI Stock Slips As Earnings Beat Collides With Wall Street Doubts

SoFi Technologies (SOFI) stock slipped despite beating Q2 earnings and revenue expectations, and reporting strong user growth. The decline was driven by Wall Street analysts' concerns over flat EBITDA guidance, capital intensity, and a lower CET1 ratio, leading to multiple price target cuts. While the company raised its long-term outlook and announced a significant partnership with Notre Dame Athletics, the immediate market reaction highlighted a tension between growth narrative and profitability concerns.