Northland Securities analyst Michael Grondahl maintained a Buy rating on Piper Sandler (NYSE:PIPR) on Wednesday, setting a price target of $80, which is approximately 16.94% above the present share price of $68.41.
Grondahl expects Piper Sandler to post earnings per share (EPS) of $0.11 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Piper Sandler, with an average price target of $75.5.
The analysts price targets range from a high of $80 to a low of $71.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $292.44 million and a net profit of $0. The company's market cap is $1.22 billion.
According to TipRanks.com, Northland Securities analyst Michael Grondahl is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.0% and a 57.35% success rate.
Piper Sandler Cos. is an investment bank and asset management firm. It operates through the Capital Markets and Asset Management segments. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity, and fixed income products. The Asset Management segment includes its traditional asset management business and its investments in registered funds and private funds. The company is headquartered in Minneapolis, MN.