Loop Capital Markets
Loop Capital Markets is a Black-owned investment bank, brokerage and advisory firm headquartered in Chicago. Alongside public finance and corporate banking, it runs an equity research team focused on consumer, industrial and technology companies.
Company history
James Reynolds Jr. and Albert Grace Jr. founded Loop Capital in Chicago in 1997 as a municipal bond firm with six employees. It expanded into corporate investment banking, equity sales and trading, transition management and asset management, and from 2016 built out a fundamental equity research platform. A 2022 strategic alliance gave KKR's equity capital markets clients access to Loop's banking and research. Reynolds remains chairman and chief executive.
- 1997Founded in Chicago as a municipal bond firm
- 2016Begins building fundamental equity research platform
- 2022Forms strategic equity capital markets alliance with KKR
- 2023Named IFR US Diversity and Inclusion House of the Year
Research
Loop's equity research covers the consumer, industrials and technology sectors, spanning industries such as internet, media, semiconductors, retail and transportation; the team numbered about 20 analysts in 2023. Its analysts have been recognized by The Wall Street Journal, the Financial Times and Institutional Investor. Stocks are rated Buy, Hold or Sell.
Coverage12M
- Stocks
- 219
- Ratings
- 61
- Price targets
- 288
- Median upside
- +19.0%
- Upgrades
- 12
- Downgrades
- 15
- Initiations
- 11
- Reiterations
- 23
- Targets raised
- 77
- Targets cut
- 65
- Positive54%28
- Neutral46%24
- Negative0%0
Sectors
Ratings
Listing
Activity24M
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 TWTradeweb Markets Inc. | — | $178 |
 CBOECboe Global Markets, Inc. | — | $356 |
 HOODRobinhood Markets, Inc. | — | $165 |
 AAPLApple Inc. | Buy | $380 |
 FIVEFive Below, Inc. | Hold | $250 |
 COSTCostco Wholesale Corporation | Buy | $1,045 |
 NFLXNetflix, Inc. | Buy | $104 |
 RDDTReddit, Inc. | Buy | $210 |
 PLTRPalantir Technologies Inc. | Buy | $180 |
 ROKURoku, Inc. | Hold | $155 |
Analysts24M
- Garik ShmoisMAS · KNF · MLM15
- Anthony ChukumbaGO · SHOP · ULTA15
- Gary MobleyMBLY · QRVO · CDNS14
- Laura ChampineHD · COST · LOW14
- Benjamin BudishTW · CBOE · HOOD13
- Sergey GlinyanovCHRW · DXPE · BA13
Recent actions
| Stock | Rating action | Rating | Target | Date |
|---|---|---|---|---|
| DCDauch CorporationDCH | Target | $7.10 | Sep 22 | |
 Bain Capital Specialty Finance, Inc.BCSF | Target | $12.50 | Sep 18 | |
| Apple Inc.AAPL | Target | $325 →$380 | Sep 18 | |
| SLSolid Biosciences Inc.SLDB | Target | $25 | Sep 14 | |
| JHJames Hardie Industries plcJHX | Initiate | Buy | Sep 14 | |
| Robinhood Markets, Inc.HOOD | Target | $142 →$165 | Sep 11 | |
 Dave Inc.DAVE | Initiate | Buy | $53 →$500 | Sep 8 |
| UPUpstart Holdings, Inc.UPST | Initiate | Hold | $24 →$34 | Sep 8 |
| SOSoFi Technologies, Inc.SOFI | Initiate | Hold | $22 | Sep 8 |
Similar coverage12M
References
- Our People - Loop Capitalloopcapital.com
- About Us - Loop Capitalloopcapital.com
- Research & Strategy - Loop Capitalloopcapital.com
- US Diversity and Inclusion House: Loop Capital Markets - IFRifre.com
- KKR Forms Strategic Alliance with Loop Capital to Offer Equity Research and Distribution Capabilitiesbusinesswire.com