LPLA

LPL Financial Holdings Inc

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Advanced Chart

369.910

-25.82(-6.525%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

388.785

Open

375.660

VWAP

371.17

Vol

3.28M

Mkt Cap

29.59B

Low

353.880

Amount

1.22B

EV/EBITDA(TTM)

14.68

Total Shares

80.00M

34.70B

EV/OCF(TTM)

181.19

P/S(TTM)

2.28

LPL Financial Holdings Inc. is an independent broker-dealer and an investment advisory firm. The Company offers an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. Through its comprehensive platform, it offers integrated technology solutions; brokerage and advisory platforms; clearing, compliance, business and planning and advice services; consultative practice management programs and training, and in-house research. Through its custody and clearing platform, using both proprietary and third-party technology, it offers access to diversified financial products and services, enabling its advisors to offer personalized financial advice and brokerage services to retail investors. Its products include alternative investments, annuities, exchange-traded products, insurance-based products, mutual funds, and retirement plan products. It also offers wealth management solutions.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

4.09B

+16.46%

3.98B

+28.13%

3.78B

+28.9%

Estimates Revision

The market is revising Downward the revenue expectations for LPL Financial Holdings Inc. (LPLA) for FY2025, with the revenue forecasts being adjusted by -0.68% over the past three months. During the same period, the stock price has changed by 14.16%.

Revenue Estimates for FY2025

Revise Downward

-0.68%

In Past 3 Month

Stock Price

Go Up

+14.16%

In Past 3 Month

12 Analyst Rating

16.84% Upside

Wall Street analysts forecast LPLA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LPLA is 432.22 USD with a low forecast of 400.00 USD and a high forecast of 490.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Buy

2 Hold

1 Sell

Moderate Buy

16.84% Upside

Current: 369.910

Low

400.00

Averages

432.22

High

490.00

16.84% Upside

Current: 369.910

Low

400.00

Averages

432.22

High

490.00

Morgan Stanley

Overweight

upgrade

$450 -> $490

2025-07-15

Reason

Morgan Stanley

Price Target

$450 -> $490

2025-07-15

upgrade

Overweight

Reason

Morgan Stanley raised the firm's price target on LPL Financial to $490 from $450 and keeps an Overweight rating on the shares. The firm has become more selective the brokers and exchanges group citing normalized volatility and trading volumes. It prefers rates and credit franchises heading into the Q2 reports. The analyst still sees scope for inflation, interest rates, and tariffs to support rates and credit volumes.

Barclays

Overweight

maintain

$450 -> $460

2025-07-10

Reason

Barclays

Price Target

$450 -> $460

2025-07-10

maintain

Overweight

Reason

Barclays raised the firm's price target on LPL Financial to $460 from $450 and keeps an Overweight rating on the shares. Heading into the Q2 reports for the brokers, asset managers and exchanges, the firm says trading activity was "generally robust" through the quarter. The Federal funds rate remains supportive for net interest income through the rest of the year, the analyst tells investors in a research note. Barclays sees the trading environment as "fairly robust."

TD Cowen

Buy

Hold

downgrade

$406 -> $403

2025-07-09

Reason

TD Cowen

Price Target

$406 -> $403

2025-07-09

downgrade

Buy

Hold

Reason

TD Cowen downgraded LPL Financial to Hold from Buy with a price target of $403, down from $406.

TD Cowen

Buy

Hold

downgrade

$406 -> $403

2025-07-09

Reason

TD Cowen

Price Target

$406 -> $403

2025-07-09

downgrade

Buy

Hold

Reason

TD Cowen downgraded LPL Financial to Hold from Buy with a price target of $403, down from $406, as part of a Q2 earnings preview. The firm cites valuation following the stock's year-to-date rally and its reduced earnings outlook for the downgrade. TD now sits 5%-7% below consensus estimates. It also sees reduced catalysts for LPL shares pending the Commonwealth Financial Network acquisition onboarding in the second half of 2026.

Citi

Neutral

maintain

$400

2025-07-07

Reason

Citi

Price Target

$400

2025-07-07

maintain

Neutral

Reason

Citi opened a \"negative 30-day short-term view\" on LPL Financial ahead of the Q2 earnings report. The firm expects negative estimate revisions and its Q2 estimate is 5% below consensus. It keeps a Neutral rating on the shares with a $400 price target.

Citi

Buy -> Neutral

downgrade

$400

2025-06-09

Reason

Citi

Price Target

$400

2025-06-09

downgrade

Buy -> Neutral

Reason

Citi downgraded LPL Financial to Neutral from Buy with an unchanged price target of $400. After the recent share strength LPL is trading near historic highs from a valuation perspective, the analyst tells investors in a research note. In the near-term, the firm sees more limited catalysts for the stock, particularly as LPL works through the integration of Commonwealth. Citi also sees potential for increased competition for financial advisor recruiting from here. The firm sees a balanced risk/reward for shares, preferring to wait for a more attractive entry point.

See All Ratings

Valuation Metrics

The current forward P/E ratio for LPL Financial Holdings Inc (LPLA.O) is 23.22, compared to its 5-year average forward P/E of 17.90. For a more detailed relative valuation and DCF analysis to assess LPL Financial Holdings Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Overvalued

5Y Average PE

17.90

Current PE

23.22

Overvalued PE

21.21

Undervalued PE

14.59

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

10.42

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

11.83

Undervalued EV/EBITDA

9.01

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

1.58

Current PS

1.91

Overvalued PS

1.83

Undervalued PS

1.32