BUZZ - SoFi Q3 earnings beat expectations and full-year forecast raised, stock set for biggest gain since April 2025

October 27 - ** SoFi (SOFI.O) shares rose 14.5% to $16.56, reaching a new high in over a month

** The stock is poised to record its largest single-day gain since April 2025

** The company’s adjusted net revenue for the third quarter surged 44% to a record $1.4 billion, surpassing the $1.25 billion analyst consensus compiled by LSEG

** SoFi’s adjusted earnings per share for the quarter were 18 cents, higher than analysts’ expectation of 16 cents per share

** The company expects full-year revenue of $5.04 billion, far exceeding Wall Street’s estimate of $4.87 billion

** TD Cowen and Jefferies noted that SoFi’s performance benefited from growth in net interest income and financial services revenue

** The stock's current price-to-earnings ratio is 18.69 times the expected earnings per share over the next 12 months, well above the industry median of 10.39 times

** Among 28 brokerages, 12 assigned a "buy" or higher rating, 12 gave a "hold" rating, and 4 gave a "sell" or lower rating; the median target price is $19.50—data compiled by LSEG

** Including today's volatility, SOFI has dropped over 36% cumulatively so far this year

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