🚨SoFi Technologies $SOFI initiated with an Overweight at Piper Sandler Piper Sandler analyst Patrick Moley initiated coverage of SoFi Technologies with an Overweight rating and $22 price target. Piper views SoFi as a "high-growth personal finance story." SoFi is a vertically integrated digital financial services company offering loans and personal finance products, including checking, savings, and investing accounts, the analyst tells investors in a research note. The firm says SoFi offers investors exposure to a large, growing total addressable market in lending and debt consolidation for a younger, creditworthy demographic. In addition, the company has a "powerful product flywheel accelerating adoption across new and existing members," adds Piper.