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Investing.com - DA Davidson has reiterated its Neutral rating and $240.00 price target on Broadridge Financial (NYSE:BR) following the company’s fiscal first quarter results. The company, currently valued at $25.85 billion, trades at a P/E ratio of 31.15, which InvestingPro data indicates is relatively high compared to its earnings growth potential.
The financial technology firm reported strong quarterly performance, with both revenue and earnings benefiting from increased high-margin Event Driven proxy distribution revenue, according to DA Davidson. Broadridge has maintained a solid 5.88% revenue growth over the last twelve months.
In response to the positive results, Broadridge management refined its fiscal 2026 guidance, raising projected recurring revenue growth to the high end of its previous 5%-7% range. The company has demonstrated financial stability, having raised its dividend for 18 consecutive years, with a current yield of 1.75%.
DA Davidson indicated it has made minor adjustments to its financial forecasts for Broadridge, though these changes did not materially impact the firm’s total revenue and adjusted operating income projections on an annual basis.
The investment firm maintained its Neutral stance on Broadridge shares, keeping its price target unchanged at $240.
In other recent news, Broadridge Financial Solutions reported impressive fiscal Q1 2026 earnings, with earnings per share (EPS) of $1.51, significantly beating the expected $1.24. This represents a 21.77% surprise, while revenue also exceeded expectations by reaching $1.59 billion, a 3.25% increase over forecasts. Despite these strong financial results, Broadridge’s stock experienced a pre-market dip. In related developments, Morgan Stanley adjusted its price target for Broadridge Financial to $256 from $261, maintaining an Equalweight rating. The adjustment reflects updates to Morgan Stanley’s financial model, including minor estimate changes and a shift in the primary reference year to 2027. These recent developments highlight ongoing analyst attention and financial performance for Broadridge Financial.
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