Barclays Keeps Their Buy Rating on LPL Financial (LPLA)
In a report released on June 6, Benjamin Budish from Barclays maintained a Buy rating on LPL Financial (LPLA – Research Report), with a price target of $450.00. The company's shares closed last Friday at $388.96.
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According to TipRanks, Budish is a 5-star analyst with an average return of 18.0% and a 73.58% success rate. Budish covers the Financial sector, focusing on stocks such as CME Group, Interactive Brokers, and LPL Financial.
LPL Financial has an analyst consensus of Strong Buy, with a price target consensus of $409.11.
Based on LPL Financial's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.67 billion and a net profit of $318.57 million. In comparison, last year the company earned a revenue of $2.83 billion and had a net profit of $288.76 million
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