Wells Fargo sets USD 172 target for Raymond James stock

Published on 10/02/2026 at 15:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wells Fargo starts Equal Weight coverage for Raymond James. Raymond James stock costs EUR 142.08 on October 2, 2026 after EUR 142.10 in trading.

Editorial-Foto des NYSE-Handelsraums mit Tradern an Bildschirmen mit Börsendaten — Raymond James Financial US7547301090 zeigt den NYSE-Handelsraum mit Tradern und generischen Finanzcharts, Illustration mit AI erstellt.

Raymond James stock (ISIN US7547301090) was trading at EUR 142.08 at Lang & Schwarz on October 2, 2026 at 3:09 p.m. CEST. Wells Fargo initiated coverage on October 1, 2026, assigning an Equal Weight rating and setting a USD 172 price target, according to GuruFocus.

USD 172 target meets strong results

The analyst action follows Raymond James Financial's fiscal third-quarter 2026 performance, when net revenue reached USD 3.93 billion. Benzinga reported that revenue increased 16.00 percent from the prior-year quarter, while net income available to common shareholders reached USD 595 million and diluted earnings per share stood at USD 3.01.

Adjusted net income was USD 620 million and adjusted diluted earnings per share reached USD 3.14 in fiscal third-quarter 2026, according to the same earnings-call coverage. The comparison matters because the reported quarter combined record revenue with a 33.00 percent year-over-year increase in pre-tax income to USD 750 million.

Client assets provide the growth signal

Raymond James also entered the fourth quarter with expanding client balances. Its August 2026 operating data showed client assets under administration of USD 1.97 trillion, up 16.00 percent from August 2025 and 2.00 percent from July 2026, according to MarketScreener.

Financial assets under management reached USD 350.5 billion on August 31, 2026, up 30.00 percent from August 2025. Bank loans, net, stood at USD 56.4 billion, compared with USD 50.2 billion a year earlier, giving the balance-sheet business a second quantified growth driver.

Next results arrive October 28

The next scheduled earnings report is set for October 28, 2026, after the market closes, according to MarketBeat. That date gives investors a defined checkpoint for judging whether asset growth, fee income and banking momentum carried into fiscal fourth-quarter 2026.

Stock remains below yearly high

Raymond James stock was trading at EUR 142.08 at Lang & Schwarz on October 2, 2026, down EUR 0.02 or minus 0.01 percent versus the prior close of EUR 142.10 at Lang & Schwarz on October 1, 2026. The primary listing is on the NYSE, where the finance-services group had a market capitalization of USD 30.7 billion and a 52-week range of USD 138.82 to USD 182.73 as of October 1, 2026.

The further course of trading is shown by the continuously updated real-time quote of Raymond James stock.