Credit Suisse Sticks to Their Buy Rating for LPL Financial


Credit Suisse analyst Craig Siegenthaler maintained a Buy rating on LPL Financial (NASDAQ: LPLA) yesterday and set a price target of $90. The company’s shares closed yesterday at $66.09.

According to TipRanks.com, Siegenthaler is a 4-star analyst with an average return of 8.0% and a 64.6% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Raymond James Financial, WisdomTree Investments, and Affiliated Managers.

Currently, the analyst consensus on LPL Financial is a Moderate Buy with an average price target of $82.50.

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LPL Financial’s market cap is currently $5.93B and has a P/E ratio of 21.53. The company has a Price to Book ratio of 5.88.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

LPL Financial Holdings, Inc. engages in the provision of technology, brokerage, and investment advisory services. It provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors in financial institutions. The company was founded in 1989 and is headquartered in Boston, MA.

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