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

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

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 boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 1% year-over-year for 2024, while Wall Street anticipates its top line to improve by 17.9%.

Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.10 to $15.88 per share for 2024. LPLA boasts an average earnings surprise of 6.8%.

LPL Financial Holdings Inc. is also cash rich. The company has generated cash flow growth of 20.1%, and is expected to report cash flow expansion of 28.9% in 2024.

Investors should take the time to consider LPLA for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

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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