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Bank of America Securities Sticks to Its Buy Rating for TPG (TPG)

Tipranks - Tipranks - Wed Feb 25, 4:36AM CST

Bank of America Securities analyst Craig Siegenthaler reiterated a Buy rating on TPG yesterday and set a price target of $72.00. The company’s shares closed yesterday at $42.34.

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Siegenthaler covers the Financial sector, focusing on stocks such as Affiliated Managers, BlackRock, and T Rowe Price. According to TipRanks, Siegenthaler has an average return of 15.6% and a 56.94% success rate on recommended stocks.

In addition to Bank of America Securities, TPG also received a Buy from RBC Capital’s Bart Dziarski in a report issued yesterday. However, on February 19, TipRanks – OpenAI reiterated a Hold rating on TPG (NASDAQ: TPG).

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Based on TPG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.49 billion and a net profit of $77.11 million. In comparison, last year the company earned a revenue of $744.55 million and had a net profit of $12.98 million

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