Michael Cyprys, an analyst from Morgan Stanley, reiterated the Buy rating on LPL Financial (LPLA – Research Report). The associated price target remains the same with $330.00.
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Michael Cyprys has given his Buy rating due to a combination of factors that highlight LPL Financial’s strong growth potential and effective management strategies. The company is successfully executing growth initiatives and maintaining expense discipline, even while integrating several acquisitions and managing complex mandate wins. This has resulted in robust revenue growth and improved operating leverage, which are expected to enhance earnings per share and support the stock’s performance.
Furthermore, the company’s recent earnings report showed broad-based beats, with management demonstrating strong execution in expense control and onboarding processes. These efforts have led to higher retention rates and improved EBITDA run-rates. Additionally, LPL Financial’s recruiting capabilities are expected to strengthen with the integration of Commonwealth’s advisor-first culture, further supporting the company’s growth outlook. Despite some one-time costs, the anticipated benefits from recent and upcoming acquisitions are likely to sustain or expand operating leverage and margins moving forward.
Cyprys covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Apollo Global Management, and Franklin Resources. According to TipRanks, Cyprys has an average return of 4.2% and a 52.79% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $365.00 price target.