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Why LPL Financial Holdings Inc. (LPLA) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

LPL Financial Holdings Inc. (LPLA)

LPL Financial Holdings Inc. is based in Boston, MA. It is a clearing broker-dealer and an investment advisory firm that acts as an agent for its advisors, on behalf of their clients, by providing access to a broad array of financial products and services.

LPLA is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of A. Shares are down 4.7% over the past one week and up 5.1% over the past four weeks. LPLA has lost 13.7% in the last one-year period as well. Looking at trading volume, an average of 724,928.13 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For LPLA, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.15 to $15.90 per share for 2024. LPLA boasts an average earnings surprise of 6.8%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding LPLA to their portfolios.

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LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research