Raymond James Financial (RJF) Stock Forecast, Price Target & Predictions


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RJF Stock Forecast


Raymond James Financial stock forecast is as follows: an average price target of $130.60 (represents a 8.22% upside from RJF’s last price of $120.68) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

RJF Price Target


The average price target for Raymond James Financial (RJF) is $130.60 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $139.00 to $123.00. This represents a potential 8.22% upside from RJF's last price of $120.68.

RJF Analyst Ratings


Buy

According to 10 Wall Street analysts, Raymond James Financial's rating consensus is 'Buy'. The analyst rating breakdown for RJF stock is 0 'Strong Buy' (0.00%), 6 'Buy' (60.00%), 4 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Raymond James Financial Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 11, 2024Christopher HarrisWells Fargo$138.00$115.9519.02%14.35%
Jul 08, 2024Daniel FannonRaymond James$123.00$119.512.92%1.92%
May 24, 2024William KirkRaymond James$130.00$125.363.70%7.72%
May 24, 2024Bill KatzRaymond James$126.00$123.392.12%4.41%
Apr 04, 2024Jim MitchellSeaport Global$139.00$129.617.24%15.18%
Apr 02, 2024Mark McLaughlinRaymond James$145.00$128.4312.90%20.15%
Sep 11, 2023Mark McLaughlinRaymond James$122.00$106.8314.20%1.09%
Jan 09, 2023-UBS$125.00$110.7112.91%3.58%
Apr 29, 2022-Raymond James$195.00$101.5192.10%61.58%
Mar 14, 2022Manan GosaliaMorgan Stanley$128.00$98.4530.02%6.07%
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The latest Raymond James Financial stock forecast, released on Sep 11, 2024 by Christopher Harris from Wells Fargo, set a price target of $138.00, which represents a 19.02% increase from the stock price at the time of the forecast ($115.95), and a 14.35% increase from RJF last price ($120.68).

Raymond James Financial Price Target by Period


1M3M12M
# Anlaysts126
Avg Price Target$138.00$130.50$133.50
Last Closing Price$120.68$120.68$120.68
Upside/Downside14.35%8.14%10.62%

In the current month, the average price target of Raymond James Financial stock is $138.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 14.35% increase as opposed to Raymond James Financial's last price of $120.68. This month's average price target is up 5.75% compared to last quarter, and up 3.37% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 12, 2024Raymond JamesUnderperformUnderperformHold
Sep 11, 2024Wells Fargo-OverweightInitialise
Jul 08, 2024JefferiesHoldHoldHold
Jul 08, 2024Raymond JamesUnderperformUnderperformHold
Jul 08, 2024Cowen & Co.HoldHoldHold
Jul 08, 2024Wolfe Research-Peer PerformDowngrade
May 24, 2024Cowen & Co.HoldHoldHold
May 24, 2024Seaport GlobalBuyBuyHold
Apr 25, 2024Raymond JamesUnderperformUnderperformHold
Apr 04, 2024Seaport GlobalBuyBuyHold
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Raymond James Financial's last stock rating was published by Raymond James on Sep 12, 2024. The company gave RJF a "Underperform" rating, the same as its previous rate.

Raymond James Financial Financial Forecast


Raymond James Financial Revenue Forecast

Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Revenue-----------$3.52B$3.01B$2.87B$2.84B$2.75B$2.79B-$2.63B$2.74B$2.66B$2.44B$2.34B$2.19B$2.05B$1.81B$2.04B$1.98B$2.00B$1.90B
Avg Forecast$3.99B$3.87B$3.78B$3.73B$3.53B$3.45B$3.37B$3.35B$3.31B$3.24B$3.15B$3.01B$3.00B$2.91B$2.89B$2.82B$2.75B$2.65B$2.67B$2.65B$2.54B$2.39B$2.29B$2.09B$1.95B$1.84B$2.01B$2.01B$1.99B$1.93B
High Forecast$4.07B$3.94B$3.85B$3.80B$3.60B$3.52B$3.44B$3.42B$3.36B$3.31B$3.21B$3.06B$3.04B$2.97B$2.95B$2.88B$2.81B$2.65B$2.71B$2.68B$2.57B$2.43B$2.32B$2.11B$1.98B$1.87B$2.04B$2.04B$2.01B$1.95B
Low Forecast$3.93B$3.81B$3.73B$3.68B$3.48B$3.40B$3.33B$3.31B$3.26B$3.20B$3.10B$2.99B$2.96B$2.87B$2.85B$2.78B$2.71B$2.65B$2.63B$2.61B$2.51B$2.36B$2.26B$2.06B$1.92B$1.82B$1.99B$1.98B$1.96B$1.90B
# Analysts4544343585458544353646101488101377
Surprise %-----------1.17%1.00%0.98%0.98%0.97%1.02%-0.99%1.04%1.05%1.02%1.02%1.05%1.05%0.98%1.01%0.99%1.01%0.99%

Raymond James Financial's average Quarter revenue forecast for Mar 24 based on 4 analysts is $3.15B, with a low forecast of $3.10B, and a high forecast of $3.21B. RJF's average Quarter revenue forecast represents a -10.60% decrease compared to the company's last Quarter revenue of $3.52B (Dec 23).

Raymond James Financial EBITDA Forecast

Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts4544343585458544353646101488101377
EBITDA-----------$2.01B$1.96B$1.82B$1.75B$920.00M$845.00M-$505.00M$630.00M$632.00M$458.00M$516.00M$469.00M$329.00M$270.00M$310.00M$439.00M$447.00M$443.00M
Avg Forecast$1.12B$1.08B$1.06B$1.05B$989.08M$967.39M$945.89M$939.99M$926.75M$909.09M$644.58M$842.44M$841.54M$816.44M$585.98M$791.41M$552.91M$741.68M$532.71M$501.14M$502.64M$375.09M$437.89M$327.21M$220.97M$197.63M$365.21M$448.10M$423.47M$447.87M
High Forecast$1.14B$1.11B$1.08B$1.07B$1.01B$986.35M$964.42M$958.40M$940.80M$926.90M$773.50M$856.52M$853.18M$832.43M$703.18M$806.91M$663.49M$741.68M$639.26M$601.36M$603.17M$450.10M$525.47M$392.65M$265.16M$237.15M$438.25M$537.72M$508.17M$537.44M
Low Forecast$1.10B$1.07B$1.04B$1.03B$975.12M$953.74M$932.54M$926.72M$912.71M$896.25M$515.67M$836.80M$829.86M$804.91M$468.79M$780.24M$442.33M$741.68M$426.17M$400.91M$402.11M$300.07M$350.31M$261.77M$176.78M$158.10M$292.16M$358.48M$338.78M$358.29M
Surprise %-----------2.38%2.33%2.23%2.98%1.16%1.53%-0.95%1.26%1.26%1.22%1.18%1.43%1.49%1.37%0.85%0.98%1.06%0.99%

4 analysts predict RJF's average Quarter EBITDA for Mar 24 to be $644.58M, with a high of $773.50M and a low of $515.67M. This is -67.92% lower than Raymond James Financial's previous annual EBITDA (Dec 23) of $2.01B.

Raymond James Financial Net Income Forecast

Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts4544343585458544353646101488101377
Net Income-----------$498.00M$434.00M$369.00M$427.00M$509.00M$439.00M-$323.00M$446.00M$429.00M$307.00M$355.00M$312.00M$209.00M$172.00M$169.00M$267.00M$265.00M$259.00M
Avg Forecast$612.28M$586.90M$559.40M$568.00M$556.94M$527.43M$504.87M$530.00M$511.04M$491.11M$412.28M$476.43M$482.13M$457.06M$374.80M$483.97M$375.31M$354.25M$340.73M$354.77M$341.19M$251.42M$301.26M$217.67M$140.37M$125.90M$199.10M$272.53M$251.05M$261.85M
High Forecast$627.87M$601.85M$573.64M$582.46M$571.12M$540.86M$517.73M$543.50M$525.53M$503.61M$494.73M$516.66M$503.27M$468.70M$449.76M$496.30M$450.37M$354.25M$408.87M$425.73M$409.43M$301.71M$361.51M$261.21M$168.45M$151.08M$238.92M$327.04M$301.26M$314.22M
Low Forecast$601.04M$576.14M$549.13M$557.58M$546.72M$517.76M$495.61M$520.28M$500.70M$482.10M$329.82M$457.37M$458.87M$448.67M$299.84M$475.09M$300.25M$354.25M$272.58M$283.82M$272.95M$201.14M$241.01M$174.14M$112.30M$100.72M$159.28M$218.03M$200.84M$209.48M
Surprise %-----------1.05%0.90%0.81%1.14%1.05%1.17%-0.95%1.26%1.26%1.22%1.18%1.43%1.49%1.37%0.85%0.98%1.06%0.99%

Raymond James Financial's average Quarter net income forecast for Mar 24 is $412.28M, with a range of $329.82M to $494.73M. RJF's average Quarter net income forecast represents a -17.21% decrease compared to the company's last Quarter net income of $498.00M (Dec 23).

Raymond James Financial SG&A Forecast

Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts4544343585458544353646101488101377
SG&A-----------$1.44B$1.89B$1.85B$1.87B$1.74B$1.96B-$2.01B$2.03B$1.92B$1.80B$1.78B$1.62B$1.54B$1.40B$1.56B$1.49B$1.47B$1.43B
Avg Forecast$2.88B$2.80B$2.73B$2.70B$2.55B$2.50B$2.44B$2.42B$2.39B$2.34B$2.57B$2.17B$2.17B$2.11B$2.34B$2.04B$1.68B$1.91B$2.12B$1.62B$1.53B$1.47B$1.51B$1.13B$1.04B$1.02B$1.84B$1.52B$1.39B$1.44B
High Forecast$2.94B$2.85B$2.79B$2.75B$2.60B$2.54B$2.49B$2.47B$2.43B$2.39B$3.08B$2.21B$2.20B$2.15B$2.80B$2.08B$2.02B$1.91B$2.55B$1.94B$1.84B$1.77B$1.81B$1.36B$1.24B$1.23B$2.21B$1.82B$1.67B$1.73B
Low Forecast$2.84B$2.76B$2.69B$2.66B$2.52B$2.46B$2.41B$2.39B$2.35B$2.31B$2.06B$2.16B$2.14B$2.08B$1.87B$2.01B$1.35B$1.91B$1.70B$1.29B$1.22B$1.18B$1.21B$905.30M$829.07M$818.62M$1.47B$1.22B$1.11B$1.15B
Surprise %-----------0.66%0.87%0.88%0.80%0.85%1.16%-0.95%1.26%1.26%1.22%1.18%1.43%1.49%1.37%0.85%0.98%1.06%0.99%

Raymond James Financial's average Quarter SG&A projection for Mar 24 is $2.57B, based on 4 Wall Street analysts, with a range of $2.06B to $3.08B. The forecast indicates a 78.55% rise compared to RJF last annual SG&A of $1.44B (Dec 23).

Raymond James Financial EPS Forecast

Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
# Analysts4544343585458544353646101488101377
EPS-----------$2.39$2.07$1.75$1.97$2.36$2.03-$1.56$2.16$2.08$1.49$1.72$1.51$1.02$0.83$0.81$1.29$1.27$1.23
Avg Forecast$2.88$2.76$2.63$2.68$2.62$2.48$2.38$2.50$2.41$2.31$2.30$2.24$2.27$2.15$2.24$2.28$2.02$1.66$1.64$1.76$1.71$1.52$1.41$1.12$0.89$0.66$0.97$1.29$1.27$1.22
High Forecast$2.96$2.83$2.70$2.74$2.69$2.55$2.44$2.56$2.48$2.37$2.36$2.43$2.37$2.21$2.30$2.34$2.07$1.66$1.67$1.79$1.74$1.55$1.43$1.14$0.91$0.67$0.99$1.31$1.29$1.24
Low Forecast$2.83$2.71$2.59$2.63$2.58$2.44$2.33$2.45$2.36$2.27$2.25$2.15$2.16$2.11$2.20$2.24$1.98$1.66$1.61$1.73$1.68$1.49$1.38$1.10$0.87$0.65$0.96$1.26$1.25$1.20
Surprise %-----------1.07%0.91%0.81%0.88%1.04%1.01%-0.95%1.23%1.22%0.98%1.22%1.35%1.15%1.27%0.84%1.00%1.00%1.01%

According to 4 Wall Street analysts, Raymond James Financial's projected average Quarter EPS for Mar 24 is $2.30, with a low estimate of $2.25 and a high estimate of $2.36. This represents a -3.91% decrease compared to RJF previous annual EPS of $2.39 (Dec 23).

Raymond James Financial Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
OPYOppenheimer$50.61$90.0077.83%Buy
LPLALPL Financial$210.51$264.8825.83%Buy
MKTXMarketAxess$258.38$295.5014.37%Hold
RJFRaymond James Financial$120.68$130.608.22%Buy
LAZLazard$49.71$53.257.12%Buy
SFStifel Financial$89.59$92.002.69%Buy
TWTradeweb Markets$118.52$103.43-12.73%Buy
EVREvercore$246.23$180.75-26.59%Buy
MCMoelis & Company$69.28$47.00-32.16%Buy
PJTPJT Partners$130.11$79.50-38.90%Buy
PIPRPiper Sandler Companies$274.21$162.33-40.80%Buy
HLIHoulihan Lokey$159.30$76.00-52.29%Buy

RJF Forecast FAQ


Yes, according to 10 Wall Street analysts, Raymond James Financial (RJF) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 60.00% of RJF's total ratings.

Raymond James Financial (RJF) average price target is $130.6 with a range of $123 to $139, implying a 8.22% from its last price of $120.68. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for RJF stock, the company can go up by 8.22% (from the last price of $120.68 to the average price target of $130.6), up by 15.18% based on the highest stock price target, and up by 1.92% based on the lowest stock price target.

RJF's average twelve months analyst stock price target of $130.6 does not support the claim that Raymond James Financial can reach $200 in the near future.

1 Wall Street analyst forecast a $138 price target for Raymond James Financial (RJF) this month, up 14.35% from its last price of $120.68. Compared to the last 3 and 12 months, the average price target increased by 8.14% and increased by 10.62%, respectively.

Raymond James Financial's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $13.71B (high $13.98B, low $13.52B), average EBITDA is $3.84B (high $3.92B, low $3.79B), average net income is $2.12B (high $2.17B, low $2.08B), average SG&A $9.91B (high $10.1B, low $9.77B), and average EPS is $9.98 (high $10.24, low $9.8). RJF's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $15.37B (high $15.67B, low $15.15B), average EBITDA is $4.31B (high $4.39B, low $4.25B), average net income is $2.33B (high $2.39B, low $2.28B), average SG&A $11.11B (high $11.33B, low $10.95B), and average EPS is $10.96 (high $11.24, low $10.76).

Based on Raymond James Financial's last annual report (Sep 2023), the company's revenue was $11.47B, which missed the average analysts forecast of $11.63B by -1.39%. Apple's EBITDA was $7.21B, beating the average prediction of $3.04B by 137.63%. The company's net income was $1.74B, missing the average estimation of $1.8B by -3.28%. Apple's SG&A was $7.3B, missing the average forecast of $8.65B by -15.65%. Lastly, the company's EPS was $8.16, missing the average prediction of $8.95 by -8.79%. In terms of the last quarterly report (Dec 2023), Raymond James Financial's revenue was $3.52B, beating the average analysts' forecast of $3.01B by 17.11%. The company's EBITDA was $2.01B, beating the average prediction of $842.44M by 138.47%. Raymond James Financial's net income was $498M, beating the average estimation of $476.43M by 4.53%. The company's SG&A was $1.44B, missing the average forecast of $2.17B by -33.77%. Lastly, the company's EPS was $2.39, beating the average prediction of $2.24 by 6.50%