Bullish
Piper Sandler Initiates Coverage of SoFi Technologies (SOFI) with Overweight Rating
On August 18, 2026, Piper Sandler initiated coverage of SoFi Technologies (SOFI) with an Overweight rating and a $22 target price, suggesting an 18.5% upside from the current price. The firm highlighted SoFi's digital-first platform and expanding product offerings as key drivers of growth. This positive outlook follows a strong Q2 earnings report in late July, where SoFi reported adjusted EPS of $0.12, exceeding the $0.11 consensus estimate, and revenue of $1.22 billion, surpassing expectations of $1.11 billion.
Key points
- Piper Sandler's Overweight rating and $22 target price indicate confidence in SoFi's growth prospects.
- Q2 earnings report shows strong financial performance, with adjusted EPS and revenue exceeding estimates.
- No significant market-moving news reported in the past 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
