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Raymond James raises Broadridge Financial stock price target on strong growth outlook

Published 05/08/2025, 18:58
Raymond James raises Broadridge Financial stock price target on strong growth outlook
BR
0.59%

Investing.com - Raymond (NSE:RYMD) James raised its price target on Broadridge Financial (NYSE:BR) to $276.00 from $257.00 while maintaining an Outperform rating. The stock, currently trading at $263.21, has shown strong momentum with a 21% return over the past year and maintains an impressive InvestingPro Financial Health Score of "GREAT."

The research firm cited improving sales conditions as Broadridge’s fiscal fourth quarter 2025 progressed, suggesting momentum heading into the new fiscal year.

Raymond James expressed confidence that Broadridge’s initial FY26 organic, constant currency recurring revenue growth guidance of 4.4% to 6.4% should be "easily achievable" given the company’s sales backlog and strong position count growth trends.

The financial services company’s outlook for 50 basis points of year-over-year margin expansion and 8% to 12% adjusted EPS growth in fiscal year 2026 aligns with Broadridge’s consistent performance pattern, according to the research note.

Raymond James highlighted Broadridge’s "remarkably consistent" results as justification for a premium valuation, noting the stock currently trades at approximately 26 times calendar 2026 earnings per share.

In other recent news, Broadridge Financial Solutions reported its Q4 2025 earnings, highlighting an adjusted earnings per share (EPS) of $3.55. This figure slightly exceeded the forecasted $3.50, demonstrating solid performance. Revenue for the quarter was in line with expectations, reaching 2.06 billion dollars. Despite these positive earnings results, the company’s stock experienced a decline in premarket trading. Analyst firms have not provided any recent upgrades or downgrades for Broadridge, focusing instead on the company’s financial performance. These developments come as part of Broadridge’s ongoing financial updates. No additional major company news or mergers have been reported recently.

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