Raymond James Financial Surpasses Analyst Target: What’s Next for Investors?
Shares of Raymond James Financial, Inc. (Symbol: RJF) have recently traded above the average analyst 12-month target price of $170.71, currently priced at $171.55 per share. When a stock reaches an analyst’s target, they typically respond in one of two ways: a downgrade on valuation or an upward revision of their target price. Analyst reactions can vary based on the company’s performance – if financial indicators are positive, there may be grounds for raising that target price.
The average target price for Raymond James Financial, based on 14 analysts included in the Zacks coverage, represents a blend of different opinions. While some analysts have set targets lower than the average, like one foreseeing a price of $149.00, others have much higher expectations, such as a target of $198.00. The standard deviation among these forecasts stands at $12.7, highlighting the varying levels of optimism among analysts.
The reason for focusing on the average target price is to tap into the collective insight of multiple analysts, rather than relying solely on the opinion of one. With RJF’s stock now above the average target price of $170.71 per share, it prompts investors to reassess their positions: Is $170.71 a step towards even higher prices, or has the stock become overvalued? Below is a summary of the current ratings from analysts covering Raymond James Financial, Inc.:
| Recent RJF Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 6 | 5 | 6 | 6 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 10 | 9 | 9 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.2 | 2.33 | 2.2 | 2.2 |
The average rating in the table above is scored from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This information has been sourced from Zacks Investment Research via Quandl.com. Investors can access the latest Zacks research report on RJF at no cost.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
