Is Oppenheimer Holdings, Inc. (NYSE:OPY) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Oppenheimer Holdings, Inc. at current levels.
A 145-year-old broker-dealer trading at book value while middle-market deal flow and private wealth fees compound through 2027.
Where OPY is headed
Oppenheimer in mid-2027 looks less like the sleepy boutique the market still files it under and more like a leveraged play on a middle-market M&A cycle that's been bottled up since the 2022 rate shock. Revenue growth running at 23% TTM isn't a one-quarter sugar rush. It's the early innings of a backlog converting, sponsor-backed sellers returning to market after three years of holding their breath, and a wealth management book quietly compounding fee-based AUM at high single digits while nobody pays attention. Price-to-book sits at 1.11. The business earns a 10.5% ROE. Those two numbers cannot coexist for long if the cycle holds.
Read the full Compass Direction on OPY
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $95.26).
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Frequently asked questions
Is Oppenheimer Holdings, Inc. (NYSE:OPY) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Oppenheimer Holdings, Inc. at current levels. A 145-year-old broker-dealer trading at book value while middle-market deal flow and private wealth fees compound through 2027.
What is OPY's Compass Score?
Oppenheimer Holdings, Inc. scores 82/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for OPY?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the OPY page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.