RJF Should I Buy
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Raymond James Financial Inc. (RJF) is not a strong buy for a beginner, long-term investor at this moment. The technical indicators show a bearish trend, options data suggests bearish sentiment, and the company's financial performance in the latest quarter shows significant revenue and net income declines. While analysts have mixed views, there are no strong positive catalysts to justify an immediate buy.
The MACD is negative and expanding (-1.443), indicating bearish momentum. The RSI is at 27.607, which is neutral but nearing oversold territory. Moving averages are converging, suggesting indecision in the market. The stock is trading near its support level of 155.512, with resistance at 163.956. Overall, the technical indicators lean bearish.
Barclays initiated coverage with an Overweight rating and a $191 price target, citing long-term growth potential and attractive valuation. Gross margin increased by 2.06% YoY, showing some operational efficiency improvement.
Analysts like TD Cowen and UBS have neutral or hold ratings, with price targets below the current pre-market price. Options data shows bearish sentiment, and technical indicators suggest a downtrend.
In Q1 2026, revenue dropped significantly by -73.84% YoY to $1.033 billion. Net income declined by -6.02% YoY to $562 million. EPS dropped by -2.45% YoY to 2.79. However, gross margin increased slightly by 2.06% YoY to 89.19, indicating some operational improvements.
Analysts are mixed. Barclays is bullish with an Overweight rating and a $191 price target. BofA raised its price target to $198 but maintains a Neutral rating. TD Cowen lowered its price target to $181 and maintains a Hold rating. UBS also has a Neutral rating with a $176 price target. The consensus reflects cautious optimism but no strong buy signals.
