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Barclays Remains a Buy on LPL Financial (LPLA)

Tipranks - Mon Feb 23, 3:32AM CST

In a report released on February 20, Benjamin Budish from Barclays maintained a Buy rating on LPL Financial, with a price target of $435.00. The company’s shares closed last Friday at $319.22.

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Budish covers the Financial sector, focusing on stocks such as Coinbase Global, Robinhood, and Charles Schwab. According to TipRanks, Budish has an average return of 13.5% and a 65.09% success rate on recommended stocks.

In addition to Barclays, LPL Financial also received a Buy from William Blair’s Jeff Schmitt in a report issued on February 19. However, on February 20, TD Cowen maintained a Hold rating on LPL Financial (NASDAQ: LPLA).

Based on LPL Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.93 billion and a net profit of $300.72 million. In comparison, last year the company earned a revenue of $3.51 billion and had a net profit of $270.75 million

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