$PIPR

Piper Sandler initiated coverage of SoFi Technologies with an overweight rating and a $22 price target, implying about 20% upside from Friday’s close. Analyst Patrick Moley cited growth in lending and debt consolidation and a product adoption flywheel. SoFi shares have risen 17% over three months but are down about 30% YTD amid inflation and rate-hike concerns. The stock rose over 2% after the note.

Piper Sandler began coverage of SoFi Technologies (SOFI) with an “overweight” rating and a $22 price target, citing higher product cross-selling and a large credit card and student loan refinancing opportunity. It forecasts 2026 revenue of $4.89B and 2027 revenue of $6.14B, with EPS of $0.63 and $0.88. Risks include credit losses and rate volatility.

Piper Sandler initiated coverage of drone maker Unusual Machines (UMAC) with an Overweight rating and a $38 price target. The firm cites FCC restrictions on Chinese-made drones and a $2.1 million defense purchase order, plus component supply opportunities. It flags execution risk as UMAC plans to scale motor capacity from ~15,000 to 100,000 units/month. Q2 revenue rose to $16.72M.

Kratos Defense & Security Solutions (KTOS) shares rose to a two-month high after Piper Sandler upgraded the stock from Neutral to Overweight and set a $75 price target. The target implies about 45% upside from a $51.87 close. Piper cited improving defense program visibility, including MACH-TB, and Q2 revenue of $458.8M, up 12% vs forecasts, with EPS $0.21.

Harmony Biosciences (HRMY) told investors at Piper Sandler’s Virtual CNS Symposium that WAKIX continues to deliver record quarterly sales and funds its CNS pipeline. The company outlined pitolisant GR (PDUFA Apr 27) and pitolisant HD (top-line 2027, PDUFA 2028), plus BP-205 and EPX-100. HRMY shares closed at $38.5.

Piper Sandler began coverage of Mercury Systems (MRCY) with an Overweight rating and a $126 price target, citing autonomy and next-generation defense computing. Analyst Clarke Jeffries pointed to record backlog growth of 18% last quarter, record bookings of $348 million (+74% YoY), and expectations for low-to-mid-20s EBITDA margins and ~50% free cash flow conversion.

Piper Sandler downgraded Samsara (IOT) to Neutral from Overweight and set a $40 price target, according to the firm. Samsara shares fell about 2% premarket, as the rating change affects investor expectations for the IoT software provider.

Simply Wall St discusses Piper Sandler Companies’ Q2 2026 results, citing revenue of $496.25M and net income of $67.85M, both up year over year, with higher basic and diluted EPS. The firm paid a $0.20 quarterly dividend and completed a $92.08M share repurchase (1.35% of shares). It also references 2029 projections of $2.6B revenue and $449.4M earnings.

Investing.com reports CoreWeave shares rose 19% after Big Tech results boosted AI infrastructure sentiment. Piper Sandler initiated coverage of CoreWeave with an Overweight rating and $151 price target, and Nebius Group with a Neutral rating and $224 target, citing Megawatt Mania AI compute growth and lower costs versus hyperscalers.

Simply Wall St reports Piper Sandler (PIPR) shares fell about 0.5% to $75.80 after earnings. It cites Q2 adjusted net revenues near $491m and adjusted EPS of $1.04, with operating margin around 22%. The article highlights advisory strength, record municipal revenue, and Q3 net revenue guidance roughly flat YoY.