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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 $144.00 (represents a -7.13% downside from RJF’s last price of $155.05) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.

RJF Price Target

The average price target for Raymond James Financial (RJF) is $144.00 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $150.00 to $138.00. This represents a potential -7.13% downside from RJF's last price of $155.05.

RJF Analyst Ratings

Buy

According to 12 Wall Street analysts, Raymond James Financial's rating consensus is 'Buy'. The analyst rating breakdown for RJF stock is 1 'Strong Buy' (8.33%), 6 'Buy' (50.00%), 5 'Hold' (41.67%), 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
Oct 30, 2024William KirkRaymond James$150.00$149.050.64%-3.26%
Oct 17, 2024Michael CyprysRaymond James$132.00$136.51-3.30%-14.87%
Oct 09, 2024Devin RyanRaymond James$146.00$124.9016.89%-5.84%
Sep 11, 2024Christopher HarrisWells Fargo$138.00$115.9519.02%-11.00%
Jul 08, 2024Daniel FannonRaymond James$123.00$119.512.92%-20.67%
May 24, 2024William KirkRaymond James$130.00$125.363.70%-16.16%
May 24, 2024Bill KatzRaymond James$126.00$123.392.12%-18.74%
Apr 04, 2024Jim MitchellSeaport Global$139.00$129.617.24%-10.35%
Apr 02, 2024Mark McLaughlinRaymond James$145.00$128.4312.90%-6.48%
Sep 11, 2023Mark McLaughlinRaymond James$122.00$106.8314.20%-21.32%
Jan 09, 2023UBS$125.00$110.7112.91%-19.38%
Apr 29, 2022Raymond James$130.07$67.7192.10%-16.11%
Mar 14, 2022Manan GosaliaMorgan Stanley$128.00$98.4530.02%-17.45%

The latest Raymond James Financial stock forecast, released on Oct 30, 2024 by William Kirk from Raymond James, set a price target of $150.00, which represents a 0.64% increase from the stock price at the time of the forecast ($149.05), and a -3.26% decrease from RJF last price ($155.05).

Raymond James Financial Price Target by Period

1M3M12M
# Anlaysts-39
Avg Price Target-$142.67$136.56
Last Closing Price$155.05$155.05$155.05
Upside/Downside-100.00%-7.98%-11.93%

In the current month, the average price target of Raymond James Financial stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Raymond James Financial's last price of $155.05. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 11, 2024Raymond JamesOutperformStrong BuyUpgrade
Oct 30, 2024Cowen & Co.HoldHoldHold
Oct 24, 2024JMP SecuritiesOutperformOutperformHold
Oct 17, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Oct 09, 2024Raymond JamesUnderperformOutperformUpgrade
Oct 09, 2024Raymond JamesUnderperformMarket OutperformUpgrade
Oct 04, 2024Raymond JamesUnderperformUnderperformHold
Oct 04, 2024JefferiesHoldHoldHold
Sep 12, 2024Raymond JamesUnderperformUnderperformHold
Sep 11, 2024Wells FargoOverweightInitialise
Jul 08, 2024JefferiesHoldHoldHold
Jul 08, 2024Raymond JamesUnderperformUnderperformHold
Jul 08, 2024Cowen & Co.HoldHoldHold
Jul 08, 2024Wolfe ResearchPeer PerformDowngrade
May 24, 2024Cowen & Co.HoldHoldHold
May 24, 2024Seaport GlobalBuyBuyHold
Apr 25, 2024Raymond JamesUnderperformUnderperformHold
Apr 04, 2024Seaport GlobalBuyBuyHold
Apr 02, 2024Bank of America SecuritiesBuyBuyHold
Mar 22, 2024Raymond JamesUnderperformUnderperformHold
Jan 29, 2024Raymond JamesEqual-WeightEqual-WeightHold
Jan 25, 2024Raymond JamesUnderperformUnderperformHold
Jan 10, 2024Raymond JamesOutperformOutperformHold
Jan 10, 2024Raymond JamesUnderperformOverweightUpgrade
Jan 04, 2024Raymond JamesUnderperformUnderperformHold
Sep 11, 2023Raymond JamesOverweightBuyInitialise
Apr 20, 2023Raymond JamesOverweightOverweightHold
Jan 12, 2023Keefe, Bruyette & WoodsMarket PerformMarket PerformHold
Jan 09, 2023UBSNeutralNeutralHold
Jan 04, 2023Goldman SachsBuyBuyHold
Apr 29, 2022CitigroupBuyBuyHold
Apr 02, 2022Raymond JamesBuyBuyHold
Mar 14, 2022Morgan StanleyOverweightOverweightHold

Raymond James Financial's last stock rating was published by Raymond James on Dec 11, 2024. The company Upgrade its RJF rating from "Outperform" to "Strong Buy".

Raymond James Financial Financial Forecast

Raymond James Financial Revenue Forecast

Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Revenue---------------$3.52B$3.01B$2.87B$2.84B$2.75B$2.79B$2.68B$2.63B$2.74B$2.66B$2.44B$2.34B$2.19B$2.05B$1.81B
Avg Forecast$4.31B$4.01B$3.94B$3.86B$4.01B$3.84B$3.78B$3.75B$3.64B$3.51B$3.45B$3.46B$3.32B$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
High Forecast$4.40B$4.10B$4.02B$3.94B$4.10B$3.92B$3.86B$3.83B$3.72B$3.59B$3.55B$3.55B$3.33B$3.24B$3.15B$3.06B$3.04B$2.98B$2.95B$2.89B$2.75B$2.65B$2.67B$2.65B$2.54B$2.39B$2.29B$2.09B$1.95B$1.84B
Low Forecast$4.24B$3.95B$3.87B$3.80B$3.95B$3.77B$3.72B$3.69B$3.58B$3.45B$3.37B$3.38B$3.31B$3.24B$3.15B$2.99B$2.96B$2.87B$2.84B$2.78B$2.75B$2.65B$2.67B$2.65B$2.54B$2.39B$2.29B$2.09B$1.95B$1.84B
# Analysts3333345452773445854434354545159
Surprise %---------------1.17%1.00%0.98%0.98%0.97%1.02%1.01%0.99%1.04%1.05%1.02%1.02%1.05%1.05%0.98%

Raymond James Financial's average Quarter revenue forecast for Mar 24 based on 4 analysts is $3.15B, with a low forecast of $3.15B, and a high forecast of $3.15B. 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 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts3333345452773445854434354545159
EBITDA---------------$2.01B$1.96B$1.82B$1.75B$920.00M$845.00M$511.00M$505.00M$630.00M$632.00M$458.00M$516.00M$469.00M$329.00M$270.00M
Avg Forecast$774.32M$720.55M$707.43M$693.47M$720.99M$689.47M$679.26M$674.11M$653.73M$630.78M$620.74M$621.52M$596.65M$582.96M$644.58M$540.22M$539.65M$523.55M$585.98M$551.25M$771.63M$741.68M$532.71M$741.90M$711.62M$670.95M$437.89M$584.49M$546.30M$515.63M
High Forecast$791.35M$736.39M$722.98M$708.72M$736.84M$704.63M$694.19M$688.92M$668.10M$644.65M$638.68M$637.73M$597.87M$582.96M$773.50M$549.26M$547.11M$535.06M$703.18M$661.50M$771.63M$741.68M$639.26M$741.90M$711.62M$670.95M$525.47M$584.49M$546.30M$515.63M
Low Forecast$761.93M$709.02M$696.11M$682.37M$709.45M$678.44M$668.38M$663.32M$643.27M$620.68M$606.39M$607.11M$595.44M$582.96M$515.67M$536.61M$532.16M$515.17M$468.79M$441.00M$771.63M$741.68M$426.17M$741.90M$711.62M$670.95M$350.31M$584.49M$546.30M$515.63M
Surprise %---------------3.72%3.63%3.47%2.98%1.67%1.10%0.69%0.95%0.85%0.89%0.68%1.18%0.80%0.60%0.52%

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 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts3333345452773445854434354545159
Net Income---------------$498.00M$434.00M$369.00M$427.00M$509.00M$439.00M$301.00M$323.00M$446.00M$429.00M$307.00M$355.00M$312.00M$209.00M$172.00M
Avg Forecast$721.67M$675.28M$653.79M$643.19M$637.02M$582.34M$558.46M$576.58M$585.23M$537.92M$518.17M$550.06M$507.34M$486.02M$412.28M$471.49M$477.13M$452.32M$374.80M$390.25M$428.74M$352.42M$340.73M$373.87M$362.42M$322.70M$301.26M$238.25M$188.93M$139.52M
High Forecast$742.29M$694.57M$672.47M$661.57M$655.23M$598.98M$574.42M$593.05M$601.95M$553.29M$561.01M$584.56M$508.57M$486.05M$494.73M$511.31M$498.06M$465.25M$449.76M$468.30M$428.74M$352.42M$408.87M$387.72M$362.42M$322.70M$361.51M$238.25M$188.93M$139.52M
Low Forecast$706.66M$661.23M$640.19M$629.81M$623.77M$570.23M$546.84M$564.58M$573.05M$526.73M$481.45M$533.82M$506.11M$485.99M$329.82M$452.63M$454.11M$442.91M$299.84M$312.20M$428.74M$352.42M$272.58M$360.01M$362.42M$322.70M$241.01M$238.25M$188.93M$139.52M
Surprise %---------------1.06%0.91%0.82%1.14%1.30%1.02%0.85%0.95%1.19%1.18%0.95%1.18%1.31%1.11%1.23%

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 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts3333345452773445854434354545159
SG&A---------------$1.44B$1.89B$1.85B$1.87B$1.74B$1.96B$2.02B$2.01B$2.03B$1.92B$1.80B$1.78B$1.62B$1.54B$1.40B
Avg Forecast$2.95B$2.75B$2.70B$2.64B$2.75B$2.63B$2.59B$2.57B$2.49B$2.40B$2.37B$2.37B$2.27B$2.22B$2.57B$2.06B$2.06B$2.00B$2.34B$1.78B$1.99B$1.91B$2.12B$1.91B$1.84B$1.73B$1.51B$1.51B$1.41B$1.33B
High Forecast$3.02B$2.81B$2.76B$2.70B$2.81B$2.69B$2.65B$2.63B$2.55B$2.46B$2.43B$2.43B$2.28B$2.22B$3.08B$2.09B$2.09B$2.04B$2.80B$2.13B$1.99B$1.91B$2.55B$1.91B$1.84B$1.73B$1.81B$1.51B$1.41B$1.33B
Low Forecast$2.90B$2.70B$2.65B$2.60B$2.70B$2.59B$2.55B$2.53B$2.45B$2.37B$2.31B$2.31B$2.27B$2.22B$2.06B$2.05B$2.03B$1.96B$1.87B$1.42B$1.99B$1.91B$1.70B$1.91B$1.84B$1.73B$1.21B$1.51B$1.41B$1.33B
Surprise %---------------0.70%0.92%0.93%0.80%0.98%0.98%1.06%0.95%1.06%1.05%1.04%1.18%1.08%1.10%1.05%

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 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts3333345452773445854434354545159
EPS---------------$2.39$2.07$1.75$1.97$2.36$2.03$1.41$1.56$2.16$2.08$1.49$1.72$1.51$1.02$0.83
Avg Forecast$3.43$3.21$3.11$3.06$3.03$2.77$2.66$2.74$2.79$2.56$2.47$2.62$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
High Forecast$3.53$3.31$3.20$3.15$3.12$2.85$2.73$2.82$2.87$2.63$2.67$2.78$2.42$2.31$2.30$2.43$2.37$2.21$2.31$2.34$2.02$1.66$1.64$1.83$1.71$1.52$1.41$1.12$0.89$0.66
Low Forecast$3.36$3.15$3.05$3.00$2.97$2.71$2.60$2.69$2.73$2.51$2.29$2.54$2.41$2.31$2.30$2.15$2.16$2.11$2.20$2.23$2.02$1.66$1.64$1.70$1.71$1.52$1.41$1.12$0.89$0.66
Surprise %---------------1.07%0.91%0.81%0.88%1.04%1.01%0.85%0.95%1.23%1.22%0.98%1.22%1.35%1.15%1.27%

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 $2.30 and a high estimate of $2.30. 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$62.40$114.0082.69%Buy
MKTXMarketAxess$234.90$319.5036.02%Hold
MCMoelis & Company$74.40$79.006.18%Buy
LAZLazard$52.74$53.671.76%Buy
TWTradeweb Markets$133.29$130.67-1.97%Buy
SFStifel Financial$107.18$101.60-5.21%Buy
PIPRPiper Sandler Companies$312.19$292.00-6.47%Buy
HLIHoulihan Lokey$177.96$163.00-8.41%Hold
RJFRaymond James Financial$157.90$144.00-8.80%Buy
EVREvercore$290.20$263.00-9.37%Buy
LPLALPL Financial$329.40$290.17-11.91%Buy
PJTPJT Partners$159.44$79.50-50.14%Buy

RJF Forecast FAQ

Is Raymond James Financial a good buy?

Yes, according to 12 Wall Street analysts, Raymond James Financial (RJF) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 6 'Buy' recommendations, accounting for 58.33% of RJF's total ratings.

What is RJF's price target?

Raymond James Financial (RJF) average price target is $144 with a range of $138 to $150, implying a -7.13% from its last price of $155.05. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Raymond James Financial stock go up soon?

According to Wall Street analysts' prediction for RJF stock, the company can go down by -7.13% (from the last price of $155.05 to the average price target of $144), down by -3.26% based on the highest stock price target, and down by -11.00% based on the lowest stock price target.

Can Raymond James Financial stock reach $200?

RJF's average twelve months analyst stock price target of $144 does not support the claim that Raymond James Financial can reach $200 in the near future.

What are Raymond James Financial's analysts' financial forecasts?

Raymond James Financial's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $15.38B (high $15.72B, low $15.13B), average EBITDA is $2.76B (high $2.82B, low $2.72B), average net income is $2.35B (high $2.42B, low $2.31B), average SG&A $10.53B (high $10.77B, low $10.37B), and average EPS is $11.21 (high $11.53, low $10.97). RJF's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $16.11B (high $16.47B, low $15.85B), average EBITDA is $2.9B (high $2.96B, low $2.85B), average net income is $2.69B (high $2.77B, low $2.64B), average SG&A $11.04B (high $11.28B, low $10.86B), and average EPS is $12.82 (high $13.19, low $12.56).

Did the RJF's actual financial results beat the analysts' financial forecasts?

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 $2.2B by 227.80%. The company's net income was $1.74B, beating the average estimation of $1.69B by 2.63%. Apple's SG&A was $7.3B, missing the average forecast of $8.17B by -10.61%. 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 $540.22M by 271.88%. Raymond James Financial's net income was $498M, beating the average estimation of $471.49M by 5.62%. The company's SG&A was $1.44B, missing the average forecast of $2.06B by -30.12%. Lastly, the company's EPS was $2.39, beating the average prediction of $2.24 by 6.50%