Deep Dive Into Raymond James Finl Stock: Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Raymond James Financial (NYSE:RJF) received mixed analyst ratings with a consensus towards indifference, but with a positive adjustment in price targets, indicating a bullish sentiment shift. The average 12-month price target increased to $120.5, up 6.75% from $112.88. Analysts from Morgan Stanley, TD Cowen, and UBS adjusted their price targets, reflecting recent market conditions and company performance. Raymond James Financial, with over $1.2 trillion assets under administration, shows strong financial health with a notable revenue growth, high net margin, and exceptional ROE and ROA, suggesting investor confidence.
April 09, 2024 | 7:01 pm
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POSITIVE IMPACT
Raymond James Financial's stock may see a positive short-term impact due to the upward revision of its 12-month price target by analysts and strong financial indicators such as revenue growth and high net margin.
The increase in the average 12-month price target by analysts from reputable firms such as Morgan Stanley and TD Cowen, combined with RJF's strong financial performance indicators like revenue growth and net margin, suggest a bullish sentiment among analysts. This, coupled with the company's significant assets under administration and its performance in wealth management, indicates a positive outlook that could lead to short-term stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100