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StocksMedium•18 April 2026•

1 min read

Raymond James Upgrades Equitable Holdings to Strong Buy with 38% Upside Potential

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Key Facts

1Raymond James Financial upgraded Equitable (EQH) from a 'hold' to a 'strong-buy' rating.

Raymond James Financial has upgraded Equitable Holdings (EQH) from a 'Hold' to a 'Strong Buy' rating, signaling robust confidence in the firm's trajectory. Analysts have set a price target of $58, implying a significant potential upside of 38.1% from current market levels. This bullish outlook follows the company board's authorization of a substantial $1.0 billion share buyback program. The upgrade is primarily driven by the perception that the stock remains undervalued relative to its long-term growth potential. Furthermore, the massive buyback plan is expected to enhance shareholder value and provide a floor for the stock price. This rating change marks a pivotal shift for the financial services provider as it optimizes its capital allocation strategy.