Goldman Sachs analyst Alexander Blostein upgrades $Raymond James Financial (RJF.US)$ to a buy rating, and adjusts the target price from $142 to $185.
According to TipRanks data, the analyst has a success rate of 74.9% and a total average return of 21.5% 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:
The company's distinct advisor platform has facilitated exceptional recruitment and retention, which is expected to underpin consistent growth and long-term revenue stability. Furthermore, the firm is likely to gain from accelerating loan growth in the current environment.
Raymond James is anticipated to see high-single-digit to low-double-digit increases in consensus earnings through fiscal 2027, driven by an upturn in cash revenue growth and a return to normal capital markets activity. The company is particularly positioned to benefit from U.S. and sponsor-based merger and acquisition revenues, which are expected to experience significant recovery.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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