On August 21, SoFi Technologies Inc. rose 5.05% in regular trading, trading at $18.915/share, with turnover of approximately $190 million.

On the news front, the company recently announced the acquisition of AI startup Composer, deepening its footprint in AI-driven trading. Additionally, Piper Sandler initiated research coverage on August 18 with an Overweight rating equivalent to Buy, setting a target price of $22, implying approximately 18.5% upside from the current level. The research note highlighted that SoFi's digital-first platform continues to take market share from traditional banks, noting its expanding product flywheel is effectively operating, with a large high-quality customer base in credit cards and student loan refinancing yet to be fully monetized.

The dual catalysts of strategic AI expansion and a fresh bullish initiation reinforced investor confidence. Within the Consumer Finance sector, Figure Technology Solutions rose 6.35%, Capital One gained 2.52%, Synchrony advanced 2.27%, Upstart Holdings rose 2.22%, and American Express added 1.08%.

(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.)