Morgan Stanley Raises Raymond James Price Target Following Earnings Beat

Key Facts

1Morgan Stanley raised its price target for RJF from $172 to $174, maintaining an equal weight rating.

2The company reported strong Q2 earnings of $2.83 per share, exceeding estimates with a 13.4% year-over-year revenue increase.

Amid a robust performance in the financial services sector, research firms have upgraded their outlook for Raymond James Financial following quarterly results that surpassed consensus estimates. According to reports, Morgan Stanley raised its price target for the stock from $172 to $174 while maintaining an equal weight rating. This update follows the company's strong second-quarter earnings of $2.83 per share, driven by a significant 13.4% year-over-year increase in revenue.

This growth reflects Raymond James' outperformance relative to some peers in the wealth management space, with analysts from Citigroup and Barclays noting the resilience of the firm's business model against market volatility. Compared to previous quarter results, the company showed improved profit margins, bolstering analyst confidence despite relative caution regarding current valuations. Per market data, the upward price target revisions coincide with stabilizing assets under management (AUM) flows across the U.S. financial sector.

Investors should monitor current price levels, as RJF shares closed at $168.72 (close July 09, 2026), after reaching a daily high of $171.62. With no major direct corporate catalysts in the immediate upcoming calendar, attention will turn to speeches from Fed officials, including an upcoming address by Governor Waller, to gauge the impact of monetary policy on financial service sectors and borrowing costs.