LPL FINANCIAL HOLDINGS INC (LPLA)
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-10-30
$283.74+1.50%
Close 2026-10-30 · 1-day change
NASDAQFinancialsFinancial - Capital MarketsSnapshot 2026-10-30
Research Workspace
Put LPLA beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Investment Banking & Brokerage is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 31% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 17%, softest on free-cash-flow margins.
View QualityManagement screens strong on capital allocation, earnings delivery, the balance sheet, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskLPL Financial’s thesis rests on steady financial performance, despite moderating revenue growth and pressured advisor recruitment. Revenue growth slowed from 35% to 17% year over year, while Q3 earnings beat consensus. At 12× P/E, LPLA trades below the 17× peer median. The price reflects less growth than our forecast. Commonwealth retention slipped to 83%, recruited assets fell 26%, and onboarding is at risk. Our model puts the next-quarter miss probability near 20%. Peer multiples imply a price about 25% above where it trades; this read is provisional.
Trailing returns as of 2026-10-30. LPLA is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 19 analysts currently covering LPLA (as of Oct 2026).
Based on 10 Wall Street analysts offering 12-month price targets for LPLA in the last 4 months.
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Compare LPLA with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| LPLA Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 8 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Investment Banking & Brokerage — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put LPLA next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Complete Commonwealth onboarding in Q4 2026
Lower Commonwealth retention and recruited assets put onboarding and advisor growth objectives at risk.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $283.74
The last 12 months of price, then the range of analyst 12-month targets from today’s $283.74.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
CEO exit raises concerns about future leadership stability.
Record earnings support growth and operating income objectives.
Leadership change may disrupt strategic initiatives.
Legal scrutiny may hinder growth and operational objectives.
Acquisition enhances growth potential and operating income.
Fee pressure and AI disruption threaten operating income growth.
Fee pressure and AI disruption threaten operating income growth.