Morgan Stanley analyst Michael Cyprys has maintained their neutral stance on RJF stock, giving a Hold rating on February 20.
Michael Cyprys has given his Hold rating due to a combination of factors influencing Raymond James Financial’s performance. The decision reflects a balanced view of the company’s financial prospects, where certain positive elements are countered by challenges. For instance, while the post-fourth quarter 2024 earnings report indicated a slight reduction in first-quarter 2025 earnings per share due to decreased brokerage revenues, this was somewhat balanced by reduced expenses.
Additionally, Cyprys adjusted the company’s projected earnings for the calendar year 2025 upwards by 2% owing to improved investment banking revenues. However, he also lowered the 2026 earnings forecast by 1% due to anticipated declines in brokerage revenues. The price target was increased by 8% to $161, based on a revised earnings multiple, reflecting a cautious optimism about the company’s future performance.
In another report released on February 20, TD Cowen also maintained a Hold rating on the stock with a $172.00 price target.
Based on the recent corporate insider activity of 70 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.