In a report released today, Craig Siegenthaler from Bank of America Securities maintained a Buy rating on LPL Financial, with a price target of $469.00.
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Craig Siegenthaler has given his Buy rating due to a combination of factors that highlight LPL Financial’s promising growth prospects and strategic positioning. One of the key reasons is the anticipated acceleration in net new assets (NNA) in 2026, following the integration and retention of Commonwealth assets. This, coupled with LPL Financial’s attractive valuation, characterized by a low price-to-earnings growth (PEG) ratio relative to its rapid earnings per share (EPS) growth over the past five years, makes it a compelling investment opportunity.
Additionally, LPL Financial has been gaining market share among transitioning advisors, despite lower industry churn and intense competition, particularly among larger advisory teams. The company’s strategic moves, such as the faster-than-expected progress in the Commonwealth deal and its capital allocation towards transition assistance and liquidity succession, further bolster its growth outlook. Moreover, LPL Financial’s efforts to close product gaps and its potential for significant synergies from large mergers and acquisitions, along with planned pricing changes, are expected to enhance its profitability and competitive edge.