Seaport Research raised the firm’s price target on Raymond James (RJF) to $159 from $139 and keeps a Buy rating on the shares. The firm is raising its FY25 EPS estimate and its price target on the stock following the “strong” Q4 beat, the analyst tells investors. The firm believes the company has an attractive GARP story, upside potential from accretive acquisitions, stronger-than-expected improvement in investment banking, and/or accelerating loan/deposit growth.
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Read More on RJF:
- Raymond James (NYSE:RJF) Stock Jumps 7% as Financial Results Top Estimates
- Raymond James price target raised to $152 from $136 at BofA
- Raymond James price target raised to $152 from $140 at Wells Fargo
- Raymond James price target raised to $150 from $146 at JMP Securities
- Raymond James reports Q4 adjusted EPS $2.95, consensus $2.41