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Piper Sandler CompaniesPIPRBUYApr 08, 2024Stock price when the opinion was issued
As of Jun 15, 2026. Market Open.
It is in technology and health care where IPO's have been in a drought. However we are entering a new revived IPO market which need a stable environment for them to do well. IPO's in 2017/2018 had only top line growth but adjustments have happened and that has changed. We should see operating leverage and margin expansion. The Geo-political backdrop has normalized after a flight away from the space.
Buy 1 Hold 3 Sell 0
(A Top Pick Jun 17/20, Up 113%) See comments on JPMorgan about capital markets business, which has been sizzling. Lots of synergies from the January 2020 merger. There's tons of liquidity in the market which continues to fuel PIPR. It's unrealistic for this stock to double again, but this will do well.
Slumped in 2022-3 along with capital markets, but has rebounded strongly since late last year with 49% revenue growth in Q4 and 129% earnings growth. Has rallied hard since late-October. Trades at only 17x PE. Will do well with more IPOs to come.