LPL Financial stock: TD Cowen cuts target to USD 356

Published on 10/30/2026 at 00:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LPL Financial stock faces a lower TD Cowen valuation target after its latest quarterly report. The firm kept a Hold rating.

Analyst target cut meets earnings context

TD Cowen retained a Hold rating after lowering its price objective.
LPL Financial reported record adjusted earnings per share in the third quarter.
Commonwealth integration and slower organic growth remain important investor considerations.

LPLA, US50212V1008, Illustration mit AI erstellt.

LPL Financial stock is in focus after TD Cowen lowered its price target, according to a MarketBeat report dated October 28, 2026. TD Cowen reduced its price objective and maintained a Hold rating.

Target reduction follows quarterly results

The change came after LPL Financial reported its third-quarter results on October 27, covering the period ended September 30. MarketBeat said adjusted earnings per share were USD 5.97, above the USD 5.69 consensus estimate, while revenue rose 17.4 percent year over year to USD 5.34 billion but came in slightly below expectations.

The company also reported net income of USD 357 million and diluted GAAP earnings per share of USD 4.52 for the quarter. Adjusted earnings increased 15 percent year over year, according to the company information reproduced in the report.

Integration remains a key variable

Investors are also assessing LPL's planned conversion of Commonwealth Financial Network advisers. MarketBeat reported that expected asset retention was approximately 83 percent and that estimated run-rate EBITDA was USD 415 million once the business is fully integrated. The conversion is scheduled for the fourth quarter of 2026.

LPL also narrowed its 2026 core general and administrative expense outlook to USD 2.14 billion to USD 2.16 billion. Management reported third-quarter organic net new assets of USD 29 billion and total client assets of USD 2.6 trillion.

Current quote and investor context

Lang & Schwarz quoted the share at 250.10 euros on October 29, 2026, at 22:59:30 Berlin time. The quote was unchanged from the displayed previous close. This euro quote is a separate market observation from TD Cowen's US-dollar price objective and should not be treated as a direct currency-adjusted comparison.

For a continuously updated view, see the real-time quote of LPL Financial stock.