Why Sofi Technologies Stock Is Moving Upwards

July 8 - Shares of SoFi Technologies SOFI climbed more than 3% on Monday, closing at $19.2, as investors weighed President Trump's proposed cap on federal student loans and the run?up to its July 29 earnings report.

Under the tax plan now before the House, graduate borrowers would face tighter federal loan limits, potentially steering more borrowers toward private lenders like SoFi. That shift has underpinned this week's rally.

SoFi enters its second?quarter report buoyed by a 20% revenue increase and a 200% jump in earnings in Q1, reinforcing confidence in its core lending and refinancing operations.

Wall Street forecasts SoFi will post EPS of $0.06 and revenue of $801.8 million, down about 7% from a year earlier. Any upside surprise could reignite further gains.

Analysts note that reduced federal support may widen SoFi's addressable market and boost loan volume, making the stock likely to remain in focus as policy developments unfold.

With student?loan dynamics shifting and Q2 results on the horizon, SoFi's performance will be a key barometer for private lending growth.