Raymond James Financial Surpasses Analyst Target Price: What’s Next?

Recently, shares of Raymond James Financial, Inc. (Symbol: RJF) have topped the average analyst 12-month target price of $132.31, trading at $133.14 per share. When a stock meets an analyst’s target, they typically face two choices: either downgrade the stock due to valuation concerns or increase the target price if the company shows positive developments. Analysts’ responses may vary significantly based on the company’s underlying performance and prospects.

Within the Zacks coverage universe, 13 analysts have contributed their target prices for Raymond James Financial, Inc. It’s important to remember that the average is a simple mathematical mean. Some analysts set lower targets—one even at $116.00—while others project much higher prices, with one targeting $146.00. The standard deviation among these targets stands at $8.148.

The key reason for considering the average RJF price target is the “wisdom of crowds.” This method combines insights from multiple analysts, providing a broader perspective rather than relying on a single viewpoint. With RJF’s stock price exceeding the average target of $132.31/share, investors can reassess the company’s valuation. They must decide whether this is just a brief stop on the way to an even higher target or if it’s time to reduce their positions due to overvaluation. Below is a table detailing current analyst opinions on Raymond James Financial, Inc:

The average rating in the table above ranges from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This article uses data provided by Zacks Investment Research via Quandl.com.

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Also see:

• Institutional Holders of TAFL
• TRST Historical PE Ratio
• Funds Holding PN

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.