Piper Sandler Companies

PIPR has triggered a Bullish Pivot Point above its short-term EMAs, marking structural repair and a Stage 2 recovery. Price is now tracking above rising 9/20 EMAs and holding the 20 EMA/50 SMA support zone in an overbought range. The medium-term bias is bullish, and current conditions favor immediate participation on a shallow pullback into the rising EMA/SMA zone.

• ↑Q2 net revenues $491M (+21.8% YoY) and adj. EPS $1.04, marking 11th straight quarter of revenue growth.
• ↑Advisory services revenue $274M (+34% YoY) on 83 transactions, driven by a healthy client pipeline.
• ↓Corporate financing revenue down 31% YoY to $35M, exposing dependency on deal flow.