BofA raises Raymond James stock price target to $198 on higher NII
BofA Securities raised its price target for Raymond James Financial (RJF) to $198 from $196, citing higher expected net interest income. The firm maintained a Neutral rating. RJF's shares trade at $158.21. BofA increased its 2027 and 2028 EPS estimates to $14.95 and $18.00, respectively. RJF reported Q3 2026 adjusted earnings of $3.14 per share, beating expectations, with revenue up 16% YoY. Citizens also raised its price target to $205, maintaining an Outperform rating.
How this was made
The 30-second read
Why it matters
The upward revision signals confidence in Raymond James' earnings trajectory, likely prompting buying interest.
Market read
The new target could generate modest buying pressure in RJF and may influence sentiment toward peer brokerage stocks.
What to watch
Potential headwinds from higher interest rates could affect loan demand and client activity, tempering upside.
Background
Analyst price‑target revisions are a common catalyst for short‑term stock moves, especially when tied to macro‑driven earnings components like net interest income.
Ticker impact
BofA Securities raised its price target for Raymond James Financial to $198 from $196, citing higher net interest income expectations.
likely upward pressure as the market incorporates the higher target
The new target reflects a higher EPS multiple and improved earnings outlook, which typically supports a price rise.
Market effects
May reinforce positive sentiment for wealth‑management and brokerage firms as higher NII expectations ripple through the sector.
U.S. financial services sector could see modest gains.
Limited to U.S. markets; no direct global impact.
Counterpoint
The target increase is modest and may already be priced in; investors could wait for actual earnings beats before acting.
Key entities
- analystBofA Securities
Equity research arm of Bank of America that issued the new price target.
