Bullish
Piper Sandler initiates SoFi coverage with 'Overweight' rating and $22 price target.
Piper Sandler has initiated coverage of SoFi Technologies (SOFI) with an 'Overweight' rating and a price target of $22, citing strong growth prospects in lending and debt consolidation for younger, creditworthy demographics. The firm projects a 22% revenue compound annual growth rate and a 27% adjusted EBITDA compound annual growth rate from 2026 to 2028.
Key points
- Piper Sandler's 'Overweight' rating and $22 price target highlight confidence in SoFi's growth potential.
- No significant market-moving news reported in the last 24 hours.
Sources
AI-generated from public news sources. Not financial advice.
