BEN Price Prediction Next Week
Prediction and Recommendation for Franklin Resources (BEN)
Based on the analysis of news sentiment and technical indicators, the predicted stock price for Franklin Resources (BEN) for the next trading week is $20.50.
Key Factors Influencing the Prediction:
Analyst Ratings:
- Evercore ISI maintained a Sell rating with a price target of $20.00.
- KBW analyst Aidan Hall also maintained a Sell rating with a price target of $21.00.
- TD Cowen maintained a Hold rating with a price target of $20.00.
Insider Activity:
- Positive insider sentiment with 41 insiders increasing their share purchases, including a significant buy by Major Shareholder Charles B. Johnson.
Technical Indicators:
- RSI (14) at 50.90 indicates a neutral position.
- MACD is slightly bearish, with a value of -0.10.
- The stock is trading near the lower Bollinger Band, suggesting potential oversold conditions.
News Sentiment:
- The stock is near its 52-week low, reflecting broader market concerns despite positive insider activity.
Conclusion:
Given the current technical indicators and analyst consensus, the stock is expected to trade sideways with a slight upward bias. However, due to the Moderate Sell consensus and the stock being near its 52-week low, the recommendation is to sell Franklin Resources (BEN) at the next trading week.
BEN Similar Chart Price Prediction
The price of BEN is predicted to go up 11.43%, based on the high correlation periods with FLWS. The similarity of these two price pattern on the periods is 94.52%.
BEN
FLWS
Up: 11.43%Similarity: 94.52%
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BEN VS S&P500
Franklin is one of the 20 largest US-based asset managers, with just over 70% of its AUM sourced from domestic clients. It is the fifth-largest global manager of cross-border funds.
The purchase of Legg Mason lifted Franklin's AUM closer to $1.5 trillion, hoisting it into the second-largest tier of US-based asset managers, which includes firms like Pimco, Capital Group, and J.P. Morgan Asset Management.
Franklin maintains thousands of active financial advisor relationships worldwide and has close to 1,000 institutional client relationships.
BEN Analyst's Forecast
Benjamin Budish
Barclays
Sell
2025-01-17
Price Target
$21 → $19
Downside
-3.09%
Barclays lowered the firm's price target on Franklin Resources to $19 from $21 and keeps an Underweight rating on the shares as part of a Q4 preview for the brokers, asset managers and exchanges. The firm updated its asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market performance across the quarter, the analyst tells investors in a research note.
Michael Cyprys
Morgan Stanley
Sell
2024-12-20
Price Target
$18 → $19
Downside
-7.74%
Benjamin Budish
Barclays
Sell
2024-12-09
Price Target
$19 → $21
Downside
-5.79%
