Raymond James Financial, Inc. (RJF)

Raymond James Financial Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for RJF stock have an average target of 149.42, with a low estimate of 113 and a high estimate of 185. The average target predicts a decrease of -3.51% from the current stock price of 154.85.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$113	$149.42	$150	$185
Change	-27.03%	-3.51%	-3.13%	+19.47%

Analyst Ratings

The average analyst rating for RJF stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	1	1	1	1	1	2
Buy	1	2	3	3	2	1
Hold	10	10	9	9	10	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	13	13	13	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Cho JP Morgan	JP Morgan	Buy → Hold Downgrades $151 → $166	Buy → Hold	Downgrades	$151 → $166	+7.20%	Jan 7, 2025
Alexander Blostein Goldman Sachs	Goldman Sachs	Hold → Strong Buy Upgrades $161 → $185	Hold → Strong Buy	Upgrades	$161 → $185	+19.47%	Jan 6, 2025
Kyle Voigt Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $143 → $170	Hold	Maintains	$143 → $170	+9.78%	Dec 20, 2024
Michael Brown Wells Fargo	Wells Fargo	Buy → Hold Downgrades $152 → $169	Buy → Hold	Downgrades	$152 → $169	+9.14%	Dec 12, 2024
Bill Katz TD Cowen	TD Cowen	Hold Maintains $128 → $150	Hold	Maintains	$128 → $150	-3.13%	Oct 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

14.25B

Increased by 11.37%

from 12.80B

Revenue Next Year

15.18B

Increased by 6.52%

from 14.25B

EPS This Year

10.69

Increased by 10.25%

from 9.70

EPS Next Year

11.40

Increased by 6.57%

from 10.69

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024	Sep 30, 2025	Sep 30, 2026	Sep 30, 2027
Revenue	7.76B	9.81B	10.83B	11.51B	12.80B	14.25B	15.18B	16.20B
Revenue Growth	0.83%	26.51%	10.33%	6.31%	11.18%	11.37%	6.52%	6.70%
EPS	3.88	6.63	6.98	7.97	9.70	10.69	11.40	12.13
EPS Growth	-18.83%	70.88%	5.28%	14.18%	21.71%	10.25%	6.57%	6.45%
Forward PE	-	-	-	-	-	14.48	13.59	12.76
No. Analysts	-	-	-	-	-	17	13	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028
High	15.3B	16.5B	17.0B
Avg	14.3B	15.2B	16.2B
Low	13.6B	14.3B	15.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	19.4%	15.7%	11.9%
Avg	11.4%	6.5%	6.7%
Low	6.3%	-0.0%	2.1%

EPS Forecast

EPS	2025	2026	2027	2028
High	12.29	12.75	13.52
Avg	10.69	11.40	12.13
Low	9.29	10.04	10.77

EPS Growth

EPS Growth	2025	2026	2027	2028
High	26.6%	19.2%	18.7%
Avg	10.2%	6.6%	6.5%
Low	-4.3%	-6.2%	-5.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.