Citizens JMP raised the firm’s price target on LPL Financial (LPLA) to $455 from $440 and keeps an Outperform rating on the shares. Capital markets and FinTech stocks have surged 30%-50% or more since April as market activity rebounds, institutional trading holds firm, and asset and wealth management flows strengthen alongside higher markets, the analyst tells investors in a research note. Despite stretched valuations and multi-year highs across several subsectors, continued performance dispersion is expected, making selectivity key, though certain names still present compelling opportunities.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LPLA:
- LPL Financial upgraded to Market Perform from Underperform at Raymond James
- LPL Financial price target lowered to $411 from $460 at Barclays
- LPL Financial: Bradley Wealth Management joins Linsco by LPL Financial
- LPL Financial initiated with an Outperform at BMO Capital
- LPL Financial: Strong Growth Potential and Attractive Valuation Amidst Competitive Challenges