JEF trades 31.6% below Wall Street's consensus target of $61.83.
Last 12 months price action with 12-month analyst target path
The base valuation assumes JEF achieves its forward estimates and maintains a stable P/E multiple of 13.4x. This scenario reflects the blended consensus of 9 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Jefferies Financial Group Inc. (JEF) has a Wall Street consensus price target of $61.83, based on estimates from 9 covering analysts. With the stock currently trading at $46.98, this represents a potential upside of +31.6%. The company has a market capitalization of $9.60B.
Analyst price targets range from a low of $50.00 to a high of $76.00, representing a 42% spread in expectations. The median target of $60.50 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 3 analysts rating the stock as a Buy or Strong Buy,6 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, JEF trades at a trailing P/E of 16.6x and forward P/E of 13.4x. The forward PEG ratio of 10.13 reflects a premium valuation. Analysts expect EPS to grow +5.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $72.01, with bear and bull scenarios of $45.36 and $94.88 respectively. Model confidence stands at 43/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 GSThe Goldman Sachs Group, Inc. | $288.4B | $936.36 | $1202.33 | +28.4% | Hold | 13.3x | 55 |
 MSMorgan Stanley | $313.0B | $198.44 | $239.50 | +20.7% | Buy | 15.4x | 52 |
 EVREvercore Inc. | $10.1B | $259.89 | $457.40 | +76.0% | Buy | 13.3x | 22 |
 PJTPJT Partners Inc. | $3.9B | $149.33 | $185.00 | +23.9% | Buy | 18.7x | 13 |
 LAZLazard Inc | $3.6B | $36.82 | $45.00 | +22.2% | Buy | 16.5x | 29 |
 HLIHoulihan Lokey, Inc. | $9.1B | $129.94 | $163.60 | +25.9% | Buy | 16.9x | 15 |
 MCMoelis & Company | $4.3B | $58.18 | $73.33 | +26.0% | Hold | 18.9x | 22 |
 RJFRaymond James Financial, Inc. | $30.4B | $158.23 | $177.33 | +12.1% | Hold | 13.0x | 26 |
 SFStifel Financial Corp | $10.9B | $71.93 | $90.00 | +25.1% | Buy | 11.0x | 22 |
 PIPRPiper Sandler Companies | $5.2B | $72.42 | $97.00 | +33.9% | Hold | 15.7x | 11 |
Quick answers to the most common questions about buying JEF stock.
The consensus Wall Street price target for JEF is $61.83, representing 31.6% upside from the current price of $46.98. With 9 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
JEF has a consensus rating of "Hold" based on 9 Wall Street analysts. The rating breakdown is mixed, with 6 Hold ratings making up the largest segment. The consensus 12-month price target of $61.83 implies 31.6% upside from current levels.
With a forward P/E of 13.4003x, JEF trades at a relatively low valuation. The consensus target of $61.83 implies 31.6% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $76 for JEF, while the most conservative target is $50. The consensus of $61.83 represents the median expectation. Our quantitative valuation model projects a bull case target of $95 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
JEF is moderately covered, with 9 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 3 have Buy ratings, 6 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month JEF stock forecast based on 9 Wall Street analysts shows a consensus price target of $61.83, with estimates ranging from $50 (bear case) to $76 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $72, with bear/bull scenarios of $45/$95.
Our quantitative valuation model calculates JEF's fair value at $72 (base case), with a bear case of $45 and bull case of $95. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 43/100.
JEF trades at a forward P/E ratio of 13.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 16.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on JEF, with a "Hold" consensus rating and $61.83 price target (31.6% upside). 3 of 9 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
JEF analyst price targets range from $50 to $76, a 42% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $61.83 consensus represents the middle ground. Our model's $45-$95 range provides an independent fundamental perspective.
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