RJF

Raymond James Financial, Inc.

Financial ServicesAsset ManagementNASDAQ

$143.41

-$6.68 (-4.66%)today

Conviction

6/ 10

Fair Value$179

Upside+24.82%

Signal14.89

Market Cap$27.8B

52W Range$122.81–$177.66

Next EarningsApr 22

Conviction History

Conviction Changes

Mar 18, 2026, 7:16 AM7→6conviction-rescore

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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid

Fair Value$254.62

Current Price$143.81

Upside / Down+77.1%

P(Undervalued)100.0%

P(20%+ Up)97.9%

P(15%+ Down)0.0%

Fair Value Distribution — percentile bands

100.0% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

-5.9%/yr

±3.5% · revenue growth to justify current price

FCF-Based Reverse DCF

-8.4%/yr

±2.3% · FCF growth to justify current price

THE GAP

Market pricing margin expansion or capex normalization

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Bull Case

Raymond James financial advisory; AUM/AUA growth with markets; M&A advisory cycle.

Bear Case

Market-linked revenue volatility; advisor attrition; capital markets slowdown.

Updated Apr 7

Research Feed

analysisMar 11

Conviction: unchanged

Raymond James Financial: Wealth Management Compounder in Buy Zone ($148 vs $158 Entry Target)

RJF is a wealth management fortress currently trading BELOW its entry target. Q1 FY2026: net new assets $31B (8% annualized — second-best ever). Revenue reacceleration projected to 7-11% in H2 2025-H1...

sec_10qMar 3

Conviction: unchanged

Raymond James Q1 FY2026: Margin Compression Amid Solid Revenue Growth

Solid revenue growth (+5.6% NR YoY) offset by earnings decline (-6.2%) driven by comp inflation and expense pressure. Deposit and loan franchises healthy. CRE credit risk manageable. Capital deploymen...