Movement Alert｜SoFi Technologies Inc. Rises 5.15% in Regular Trading, Piper Sandler Initiates Coverage with Overweight Rating and $22 Target

Market Focus08-19 23:03

On August 19, SoFi Technologies Inc. rose 5.15% in regular trading, trading at $18.515/share with turnover of $259 million. The rally was driven by Piper Sandler initiating research coverage on August 18 with a Buy-equivalent Overweight rating and a $22 target price, implying approximately 18.5% upside from current levels.

The research note highlighted that SoFi's digital-first platform continues to capture market share from traditional banks, stating that its expanding product flywheel is operating effectively. Piper Sandler also cited the company's large base of high-quality customers in credit cards and student loan refinancing as a significant untapped growth opportunity. The bullish initiation follows a solid Q2 earnings report in late July, where adjusted EPS of $0.12 beat the $0.11 consensus estimate and revenue of $1.22 billion exceeded expectations of $1.11 billion, with full-year adjusted net revenue guidance raised to $4.75-$4.85 billion versus the prior $4.66 billion outlook.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Rises 5.15% in Regular Trading, Piper Sandler Initiates Coverage with Overweight Rating and $22 Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-08-19 23:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On August 19, SoFi Technologies Inc. rose 5.15% in regular trading, trading at $18.515/share with turnover of $259 million. 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