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Bank of America Securities Sticks to Their Buy Rating for LPL Financial (LPLA)

Tipranks - Mon Feb 2, 9:36AM CST

Bank of America Securities analyst Craig Siegenthaler reiterated a Buy rating on LPL Financial on January 30 and set a price target of $543.00. The company’s shares closed last Friday at $364.50.

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According to TipRanks, Siegenthaler is a 5-star analyst with an average return of 20.1% and a 62.76% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Affiliated Managers, Coinbase Global, and BlackRock.

LPL Financial has an analyst consensus of Strong Buy, with a price target consensus of $442.33, which is a 21.35% upside from current levels. In a report released on January 30, J.P. Morgan also maintained a Buy rating on the stock with a $439.00 price target.

Based on LPL Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.55 billion and a GAAP net loss of $29.52 million. In comparison, last year the company earned a revenue of $3.11 billion and had a net profit of $255.3 million

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