Piper Sandler Starts SoFi Technologies (SOFI) at Overweight

Piper Sandler analyst Patrick Moley initiates coverage on SoFi Technologies (NASDAQ: SOFI) with a Overweight rating and a price target of $22.00..

The analyst comments: “SoFi is a vertically integrated digital financial services company offering loans and a suite of personal finance products, including checking, savings, and investing accounts. SoFi offers investors exposure to two distinct growth drivers: (1) a large, growing TAM in lending and debt consolidation for a younger, creditworthy demographic, and (2) a powerful product flywheel accelerating adoption across new and existing members. From 2026E-28E, we model a 22% revenue CAGR and 27% adj. EBITDA CAGR, and believe current stock levels represent an attractive entry point for long term investors.

Beyond its lending roots, SoFi has built a comprehensive personal finance ecosystem spanning checking and savings, investing, credit cards, and insurance, all designed to deepen engagement over time. Members who initially join for a single lending product increasingly cross-sell into these adjacent offerings, a dynamic reflected in the growing gap between member growth (+35% YoY) and product growth (+43% YoY) in 2Q. As that gap widens, SoFi captures a larger share of each member's total financial life, driving lifetime value higher and reinforcing the durability of the platform.”

For an analyst ratings summary and ratings history on SoFi Technologies click here. For more ratings news on SoFi Technologies click here.

Shares of SoFi Technologies closed at $18.29 yesterday.

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