The Analyst Verdict: Franklin Resources In The Eyes Of 7 Experts
Portfolio Pulse from Benzinga Insights
Seven analysts have recently updated their ratings on Franklin Resources (NYSE:BEN), with a consensus indicating a neutral to slightly bearish outlook. The average 12-month price target is now $28.68, up from $25.88, suggesting a 10.82% increase. Analyst actions include both upgrades and downgrades, with price targets ranging from $24.00 to $32.00. Franklin Resources, managing $1.335 trillion in assets, shows a modest revenue growth of 1.22% as of December 31, 2023, but lags in profitability and efficiency metrics compared to industry averages.
March 12, 2024 | 3:00 pm
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NEUTRAL IMPACT
Franklin Resources has received mixed analyst ratings, with an updated average price target suggesting a 10.82% upside. Despite managing significant assets, the company's financial performance shows areas of concern, particularly in profitability and efficiency.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on BEN's stock price. However, the underlying financial performance issues, such as lower profitability and efficiency compared to industry averages, could temper investor enthusiasm, maintaining a neutral outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100