Goldman Sachs analyst James Yaro upgraded the rating on Piper Sandler to a Buy yesterday, setting a price target of $386.00.
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James Yaro has given his Buy rating due to a combination of factors that highlight Piper Sandler’s strong growth potential. The company is expected to achieve superior top-line growth, benefiting from its strategic positioning in both structural and cyclical growth areas within the investment banking sector. This includes a notable focus on mid-cap mergers and acquisitions, where Piper Sandler is particularly well-positioned to capitalize on market opportunities.
Furthermore, James Yaro anticipates that Piper Sandler will deliver an above-average compound annual growth rate in revenue from 2024 to 2027, outperforming its peers by approximately 200 basis points. The firm’s capital markets revenue share is projected to increase significantly by 2027, supported by its best-in-class exposure to key growth areas. These factors contribute to a favorable outlook, justifying the Buy rating with a price target that suggests a 17% upside potential, along with a 2% dividend yield, resulting in a total expected return of 19%.
In another report released on October 31, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $375.00 price target.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PIPR in relation to earlier this year.