Is SoFi Technologies (SOFI) Stock a Buy Right Now? One Analyst Says Yes

TLDR

• Piper Sandler initiated SoFi Technologies with an Overweight rating and a $22 price target, implying 19% upside from current levels.
• Analyst Patrick Moley sees SoFi’s multi-product financial ecosystem as a key growth driver, with product growth hitting 43% year-over-year in Q2.
• SoFi stock is up 18% over the past three months but remains down nearly 30% year-to-date.
• The stock trades around $18.33, and Piper Sandler forecasts 22% compound annual revenue growth from 2026 through 2028.
• Most of Wall Street remains on the sidelines, with 13 of 27 analysts rating SOFI a Hold and five rating it a Sell.

Piper Sandler analyst Patrick Moley initiated coverage of SoFi Technologies (SOFI) on Monday with an Overweight rating and a $22 price target. At current levels near $18.33, that implies roughly 19% upside.

The call puts Moley firmly in the minority on Wall Street. Of 27 analysts tracked by FactSet, 13 have SoFi at Hold and five have it at Sell. Only nine rate the stock a Buy.

SoFi is up around 0.4% on Monday, trading near $18.36.

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