Hold Rating on Raymond James Financial: Strategic Initiatives Balanced by Conservative Growth Projections

In a report released today, Michael Cyprys from Morgan Stanley maintained a Hold rating on Raymond James Financial (RJF – Research Report), with a price target of $136.00.

Michael Cyprys has given his Hold rating due to a combination of factors related to Raymond James Financial’s strategic initiatives and financial projections. The company is focusing on expanding its market share and enhancing collaboration across its business segments, which supports its growth outlook. However, the near-term targets appear to be in line with expectations, and the revenue target for 2030 seems conservative, suggesting limited upside potential in the short term.
Additionally, while the firm is investing significantly in technology to boost advisor productivity and enhance AI capabilities, the projected growth rates are modest. The management’s guidance on compensation and pre-tax margins aligns with current estimates, indicating stability but not necessarily a strong growth trajectory. These elements combined lead to a Hold rating, as the stock may not offer significant returns beyond its current valuation.

In another report released on June 5, TD Cowen also maintained a Hold rating on the stock with a $152.00 price target.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RJF in relation to earlier this year.