Piper Sandler gets 'outperform' rating from Northland on advisory outlook

Piper Sandler Companies

04/03/2026 12:22

** Northland Capital Markets upgrades boutique investment bank Piper Sandler PIPR.N to "outperform" from "market perform" on advisory outlook and recent pullback in shares

** Assigns PT of $350, representing a 17% upside to stock's last close

** PIPR's advisory business has reached an inflection point that
warrants a more constructive view on the stock, brokerage says

** Piper's several industry teams growing revenue YoY and the breadth of contribution across sectors reinforces durability of the advisory growth story - Northland

** PIPR last month reported record Q4 revenue of $666 million, a 38% jump from a year earlier

** Two of five brokerages rate the stock "buy" or higher, two "hold" and one "sell"; median PT $403.50 - data compiled by LSEG

** As of last close, shares down 10.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))