Recent extremely meaningful positive changes in investment behavior have benefitted LPL Financial Holdings Inc (NASDAQ: LPLA): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
LPL Financial Holdings Inc (NASDAQ: LPLA) has recently enjoyed notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
LPLA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
LPL Financial Holdings has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. LPL Financial Holdings has a slightly positive Appreciation Score of 62 and a good Power Rating of 75, triggering the Positive Value Trend Rating.
Recent Price Action
LPL Financial Holdings Inc (NASDAQ: LPLA) stock rose modestly by 0.9% on 1/3/24. The stock closed at $232.73. However, this advance was accompanied by below average trading volume at 81% of normal. The stock has risen 3.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
Be the first to comment