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Upturn AI Summary - About
Piper Sandler Companies(PIPR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PIPR
09/28/2026: PIPR (1-star) is currently NOT-A-BUY. Pass it for now.
Piper Sandler is a specialized investment bank and broker-dealer that focuses on middle-market advisory and institutional services. Its primary strength lies in its deep sector expertise, particularly in healthcare and technology, which allows it to maintain a competitive position against larger rivals. The firm's main investment story revolves around its ability to capture high-value M&A advisory deals and leverage institutional research. However, investors must consider risks related to market cyclicality, competition, and revenue volatility. The stock may suit investors seeking exposure to financial markets through a consistent dividend payer, provided they can withstand the inherent risks associated with deal-dependent businesses and macro-driven market cycles.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers growth through sector expertise, but is limited by the inherent cyclicality of the investment banking business. |
| Momentum investor | Strong fit while signal remains positive | Momentum can be significant during bull markets when M&A activity and IPOs surge. |
| Value investor | Mixed fit | The firm may offer value depending on market pricing cycles, but valuation is rarely deeply discounted due to consistent profitability. |
| Dividend investor | Strong fit | The company demonstrates a consistent commitment to returning capital to shareholders through regular dividends. |
| Low-risk investor | Weak fit | High sensitivity to macroeconomic and capital market cycles results in stock price volatility unsuitable for conservative investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is highly sensitive to fluctuations in the broader financial markets and transaction volume expectations. |
| Valuation risk | Medium | Pricing is often linked to future market outlooks, which can be difficult to predict. |
| Competition risk (M&A Boutique Competition) | High | The firm faces fierce competition from well-established boutique advisory peers. |
| Business quality | Strong | The company maintains a high-quality reputation and solid advisory franchise in its specific segments. |
| Dividend income | Medium | Dividends are reliable but may fluctuate or be impacted by capital needs in downturns. |
| Execution risk | Medium | Success depends heavily on maintaining top talent and managing large complex M&A mandates. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 67.88% | Avg. Invested days 62 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 09/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.07B USD | Price to earnings Ratio 16.79 | 1Y Target Price 87.12 |
Price to earnings Ratio 16.79 | 1Y Target Price 87.12 | ||
Volume (30-day avg) 598.6K shares | Beta 1.41 | 52 Weeks Range 68.34 - 92.80 | Updated Date 09/29/2026 |
52 Weeks Range 68.34 - 92.80 | Updated Date 09/29/2026 | ||
Dividends yield (FY) 1.00% | Basic EPS (TTM) 4.27 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Corporate Investment Banking | M&A advisory, restructuring, and capital raising for middle-market clients. | This is the firm's primary engine, earning fees from helping companies with big financial deals. |
| Institutional Brokerage | Equity and fixed income sales, trading, and research services. | Revenue is earned by facilitating stock and bond trades for professional institutional investors. |
| Public Finance | Underwriting and advisory services for government and non-profit debt. | Stable, fee-based revenue from assisting public entities with their debt financing needs. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 16.79 | Forward PE 10.11 | Enterprise Value 4.33B | Price to Sales(TTM) 2.4 |
Enterprise Value 4.33B | Price to Sales(TTM) 2.4 | ||
Enterprise Value to Revenue 2.57 | Enterprise Value to EBITDA - | Shares Outstanding 70.67M | Shares Floating 64.93M |
Shares Outstanding 70.67M | Shares Floating 64.93M | ||
Percent Insiders 2.62 | Percent Institutions 88.64 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Piper Sandler Companies
Exchange NYSE | Headquarters Minneapolis, MN, United States | ||
IPO Launch date 2004-01-02 | Chairman & CEO Mr. Chad R. Abraham | ||
Sector Financial Services | Industry Capital Markets | Full time employees 1915 | Website https://www.pipersandler.com |
Full time employees 1915 | Website https://www.pipersandler.com | ||
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services, institutional sales, and trading services for various equity and fixed income products; research services; advisory services, such as mergers and acquisitions, equity and debt financings, equity and debt private placements, debt capital markets advisory, restructuring and private capital advisory; municipal financial advisory and loan placement services; and various over-the-counter derivative products, as well as underwrites municipal issuances. The company also provides public finance investment banking services that focus on state and local governments, special districts and development infrastructure, project finance, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, housing, and transportation sectors. In addition, it offers equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Further, the company has alternative asset management funds in merchant banking and healthcare to invest firm capital and to manage capital from outside investors; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; alternative asset management strategies; and fixed income sales and trading solutions to banks, registered investment advisors, public entities, credit unions, asset managers, and insurance companies. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.
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