LPL Financial price target raised to $475 from $455 at Citizens JMP

Citizens JMP raised the firm’s price target on LPL Financial (LPLA) to $475 from $455 and keeps an Outperform rating on the shares. LPL Financial reported strong Q3 results, exceeding the firm’s Street-high estimate, and revenue tailwinds remain strong, Commonwealth and Atria expectations have been raised, the firm-wide expense outlook has also improved, and management announced some platform pricing updates, which will drive 100 basis points of margin expansion, the analyst tells investors in a research note. Citizens believes the company is well-positioned to deliver strong growth into 2026, with another step-function beyond that as acquisition synergies increasingly are realized into 2027 and beyond.