Piper Sandler Companies

PIPR is in a Stage 2 advance following a corrective reset, supported by rising short-term EMAs and contracting volatility. Medium-term bias is bullish, favoring the long side into 9/21 EMA support within the corrective base. In the short term, price is tightly tracking above rising 9/21 EMAs on recovering volume, presenting a timely entry opportunity. Execution should focus on pullbacks into the 9/21 EMA zone near the base of the corrective range.

• ↑Q1 2026 adjusted net revenues $470M, up 22% YoY
• ↑Advisory services hit $251M in Q1 (+16% YoY), strongest on record
• ↓Corporate financing revenues plunged to $36M in Q1, down 32% YoY