TD Cowen analyst William Katz maintains $Raymond James Financial (RJF.US)$ with a hold rating, and adjusts the target price from $123 to $150.
According to TipRanks data, the analyst has a success rate of 65.6% and a total average return of 13.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Raymond James Financial (RJF.US)$'s main analysts recently are as follows:
Subsequent to Q3 earnings, there has been an increase in the EPS forecast for Q4 by approximately 17%, with the expectations for the calendar years 2025 and 2026 also rising by 22% and 10%, respectively. This adjustment is primarily due to the anticipation of improved investment banking revenue.
The firm has increased its estimates but notes that following a significant uptick in the stock's value post a key interest rate cut, it appears that much of the growth from the capital markets upcycle may already be reflected in the current share price.
Note:
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