BofA raised the firm’s price target on LPL Financial (LPLA) to $469 from $463 and keeps a Buy rating on the shares after the company reported “a big profit beat,” driven mainly by higher sales-based commissions. The firm, which notes that its increased target, implies 24% total return potential, cites LPL’s “robust organic growth trajectory.”
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 price target raised to $410 from $356 at TD Cowen
- LPL Financial’s Earnings Call Highlights Growth and Challenges
- LPL Financial’s Strong Performance and Strategic Acquisitions Drive Buy Rating
- LPL Financial announces lower fees, streamlined pricing on platforms
- LPL Financial price target raised to $455 from $435 at Keefe Bruyette