
Raymond James (RJF) Stock Forecast & Price Target
Raymond James (RJF) Analyst Ratings
Bulls say
Raymond James Financial has experienced a notable month-over-month increase of approximately 2.7% in sweep cash, with estimated balances rising by around $1 billion in June. The company is witnessing a significant acceleration in recruiting activity, characterized as the strongest since the financial crisis, bolstered by M&A-driven catalysts and a robust recruiting pipeline. Despite a slight decline in total cash levels due to quarterly fee billings, the overall positive dynamics in cash management and advisor recruitment contribute to a favorable financial outlook for the firm.
Bears say
Raymond James Financial reported a headline earnings miss, with GAAP EPS of $2.12 and adjusted EPS of $2.18 falling short of estimates by $0.08 and $0.08, respectively, as well as missing consensus expectations by $0.18. The firm faced a one-time legal charge of $58 million, which contributed to this underperformance and reflects potential underlying legal risks. Additionally, management indicated a decline in cash balances aligning with quarterly fee billings of approximately $1.7 billion, suggesting potential challenges in revenue sustainability moving forward.
This aggregate rating is based on analysts' research of Raymond James and is not a guaranteed prediction by Public.com or investment advice.
Raymond James (RJF) Analyst Forecast & Price Prediction
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