Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of February 28, 2026, Raymond James Financial, Inc. (RJF) has a Wall Street consensus price target of $187.00, based on estimates from 23 covering analysts. With the stock currently trading at $153.08, this represents a potential upside of +22.2%. The company has a market capitalization of $30.33B.
Analyst price targets range from a low of $176.00 to a high of $198.00, representing a 12% spread in expectations. The median target of $187.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 9 analysts rating the stock as a Buy or Strong Buy,14 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, RJF trades at a trailing P/E of 14.9x and forward P/E of 12.6x. The forward PEG ratio of 0.59 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +16.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $195.57, with bear and bull scenarios of $118.22 and $349.47 respectively. Model confidence stands at 69/100, reflecting moderate uncertainty in projections.
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Start ComparisonThe consensus Wall Street price target for RJF is $187, representing 22.2% upside from the current price of $153.08. With 23 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
RJF has a consensus rating of "Hold" based on 23 Wall Street analysts. The rating breakdown is mixed, with 14 Hold ratings making up the largest segment. The consensus 12-month price target of $187 implies 22.2% upside from current levels.
With a forward P/E of 12.6291x, RJF trades at a relatively low valuation. The consensus target of $187 implies 22.2% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $198 for RJF, while the most conservative target is $176. The consensus of $187 represents the median expectation. Our quantitative valuation model projects a bull case target of $349 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
RJF is well covered by analysts, with 23 analysts providing price targets and ratings. Of these, 1 have Strong Buy ratings, 8 have Buy ratings, 14 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 RJF stock forecast based on 23 Wall Street analysts shows a consensus price target of $187, with estimates ranging from $176 (bear case) to $198 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $196, with bear/bull scenarios of $118/$349.
Our quantitative valuation model calculates RJF's fair value at $196 (base case), with a bear case of $118 and bull case of $349. 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 69/100.
RJF trades at a forward P/E ratio of 12.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 14.9x. 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 RJF, with a "Hold" consensus rating and $187 price target (22.2% upside). 9 of 23 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.
RJF analyst price targets range from $176 to $198, a 12% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $187 consensus represents the middle ground. Our model's $118-$349 range provides an independent fundamental perspective.