Piper Sandler Cos (NYSE: PIPR) stock closed at $347.15 on 11/6/24 after a major increase of 19.4%. Moreover, exceptionally high trading volume at 387% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 20.2% during the last week.
Current PriceTarget Research Rating
PIPR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Piper Sandler Cos has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Piper Sandler Cos has a slightly negative Appreciation Score of 31 but a very high Power Rating of 98, producing the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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