Alphabet Shares Could Reach $400, According to This Firm, Driven by AI.

Written by Emily J. Thompson, Senior Investment Analyst

RJF+0.89%

FDS+1.64%

MAGS+2.03%

Source: Barron's

Updated: 18h ago

0mins

Source: Barron's

Market Capitalization Achievement: Alphabet has recently reached a market capitalization of $4 trillion.
Stock Price Milestone: The company is nearing a stock price of $400 per share.

RJF

$171.57+Infinity%1D

Analyst Views on RJF

Wall Street analysts forecast RJF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RJF is 184.00 USD with a low forecast of 176.00 USD and a high forecast of 196.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Analyst Rating

2 Buy

7 Hold

0 Sell

Hold

Current: 170.060

Low

176.00

Averages

184.00

High

196.00

Current: 170.060

Low

176.00

Averages

184.00

High

196.00

Morgan Stanley

Michael Cyprys

Equal Weight

maintain

$185 -> $187

2025-12-22

Reason

Morgan Stanley

Michael Cyprys

Price Target

$185 -> $187

AI Analysis

2025-12-22

maintain

Equal Weight

Reason

Morgan Stanley analyst Michael Cyprys raised the firm's price target on Raymond James to $187 from $185 and keeps an Equal Weight rating on the shares. Healthy transactional activity across brokers and exchanges in Q4 drives modest positive revision risk, notes the analyst in a preview. The analyst is raising Q4 EPS estimates by 5% on average, leaving the firm in-line with consensus, the analyst noted.

UBS

Neutral

initiated

$176

2025-12-11

Reason

UBS

Price Target

$176

2025-12-11

initiated

Neutral

Reason

UBS assumed coverage of Raymond James with a Neutral rating and $176 price target, noting strong sector fundamentals across 20 U.S. asset managers and brokers despite more mixed views on valuations and consensus expectations.The outlook favors undervalued growth, disciplined capital allocation, and firms positioned for margin expansion, while secular tailwinds support wealth brokers and independent investment banks whose robust earnings growth appears partly priced in, the analyst tells investors in a research note.

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BofA

Neutral

maintain

$194 -> $196

2025-12-10

Reason

BofA

Price Target

$194 -> $196

2025-12-10

maintain

Neutral

Reason

BofA raised the firm's price target on Raymond James to $196 from $194 and keeps a Neutral rating on the shares. Looking ahead to 2026, the firm now favors the alternative asset managers to online brokers due to what it sees as a better valuation and positioning setup combined with a stronger macro backdrop, the analyst tells investors in a note on the brokers, asset managers and exchanges group.

BMO Capital

Brennan Hawken

Market Perform

maintain

$180 -> $182

2025-10-23

Reason

BMO Capital

Brennan Hawken

Price Target

$180 -> $182

2025-10-23

maintain

Market Perform

Reason

BMO Capital analyst Brennan Hawken raised the firm's price target on Raymond James to $182 from $180 and keeps a Market Perform rating on the shares. The company reported Q4 above the firm's estimate and consensus as transactional revenue and investment banking were both better than expected, with other transactional revenue driving the transactional revenue beat, the analyst tells investors in a research note.

About RJF

Raymond James Financial, Inc. is a diversified financial services company that provides services to individuals, corporations and municipalities. The Company's segments include Private Client Group (PCG), Capital Markets, Asset Management, Bank and Other. PCG segment provides financial planning, investment advisory, and securities transaction services to clients through financial advisors. Capital Markets segment conducts investment banking, institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds and funds of a similar nature. Asset Management segment provides asset management, portfolio management and related administrative services to retail and institutional clients. Bank segment includes Raymond James Bank, a Florida-chartered state member bank, and TriState Capital Bank, a Pennsylvania-chartered state member bank. Other segment includes corporate cash balances and its private equity investments.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.