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PIPR

Piper Sandler CompaniesC
NYSE / Financial Services
Last Price
Quote time unavailable
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Current thesis
Q2's record advisory revenue and stronger pre-tax margin show operating leverage if deal activity remains healthy. Clear, favorable terms for any acquisition could add another path to growth, but a transaction is not confirmed.
Posture
Mixed
Lead driver
Sentiment
What changed
Next scheduled catalyst: earnings 2026-10-30 · BMO.
What can break
Advisory results depend on completed transactions; Q2 corporate-financing revenue fell 48% sequentially and fixed-income revenue fell 14% year over year. [#SEC-8K-2026-07-30]
Momentum
24
Value
56
Sentiment
59
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $70.00 · Bull $82.00 · Bear $50.00Analysis 2026-09-30; returns require an exact persisted reference.
Earnings
2026-10-30 · BMO
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-09-30 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $79.38
Why
Momentum24 · Δ7d +2.3
Value56 · Δ7d +0.1
Sentiment59 · Δ7d +1.0
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.

Confirming evidence

  • • Next scheduled catalyst: earnings 2026-10-30 · BMO.
  • • Sentiment remains the lead driver in the composite, 7D delta +1.0.

Contradictions & invalidation

  • • Advisory results depend on completed transactions; Q2 corporate-financing revenue fell 48% sequentially and fixed-income revenue fell 14% year over year. [#SEC-8K-2026-07-30]
  • • Reported Perella Weinberg talks remain unconfirmed by the companies; price, financing, dilution and integration terms are unknown.
  • • Advisory revenue is transaction-sensitive, while Q2 fixed-income revenue declined 14% year over year.

Catalyst clock

2026-10-30 · BMO

Clarity on reported Perella Weinberg talks

Lead driver: Sentiment · See AI snapshot
Momentum
24
8% active weight
Current posture
7d trendFlat
Δ7d
+2.3
Δ21d
-12.9
Value
56
47% active weight
Current posture
7d trendFlat
Δ7d
+0.1
Δ21d
+0.4
Sentiment
59
45% active weight
Current posture
7d trendSoftening
Δ7d
+1.0
Δ21d
-8.6
Why this grade

Composite grade C. Momentum 24.4 / Value 55.9 / Sentiment 59.3

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-09-30. Scenario method

B+
Bull case
30%
Probability
Target price
$82.00
Analysis reference price unavailable
Analysis 2026-09-30 · RankAlpha Sentiment Codex
Most likely
B
Base case
45%
Probability
Target price
$70.00
Analysis reference price unavailable
Analysis 2026-09-30 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$50.00
Analysis reference price unavailable
Analysis 2026-09-30 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$4.57B
Beta
1.52
Shares Out
70.67M
P/E (TTM)
27.6
P/S (TTM)
3.76
P/FCF (TTM)
28.90
Rev YoY
+24.1%
EPS YoY
+60.1%
Gross Margin
+93.7%
Op Margin
+23.1%
Net Debt
-$693.06M
Current Ratio
0.82
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data