Barclays Cuts Raymond James Financial Price Target

Analysts lower target to $174 from $196 while maintaining overweight rating

Apr. 8, 2026 at 4:55pm

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Investment bank Barclays has reduced its price target for shares of Raymond James Financial (NYSE: RJF) from $196 to $174, while maintaining an overweight rating on the financial services provider's stock. The new $174 price target represents a potential upside of 18.67% from the company's current trading price.

Why it matters

This price target cut by a major Wall Street firm signals potential headwinds for Raymond James Financial, one of the largest independent financial advisory and wealth management firms in the U.S. The reduced target could indicate analysts' concerns about the company's near-term growth prospects or profitability amid a challenging macroeconomic environment.

The details

In a research note, Barclays analysts cited a number of factors behind the price target reduction, including a more cautious outlook on the broader financial services sector. Several other brokerages have also recently adjusted their views on Raymond James, with Jefferies Financial Group decreasing its price target to $145 and maintaining a hold rating, while Morgan Stanley reissued a positive rating on the stock.

  • The new $174 price target was issued by Barclays on April 8, 2026.

The players

Barclays

A major global investment bank that provides a range of financial services, including research coverage on public companies like Raymond James Financial.

Raymond James Financial

A diversified financial services firm headquartered in St. Petersburg, Florida that provides wealth management, capital markets, investment banking, and other services to individual and institutional clients.

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What’s next

Investors will be closely watching to see if Raymond James Financial's stock price reacts to the new, lower price target from Barclays. The company's next quarterly earnings report, expected in late July, will also provide more insight into its financial performance and outlook.

The takeaway

This price target reduction by a prominent Wall Street firm underscores the challenges facing Raymond James Financial and the broader financial services industry. Investors will need to weigh the company's long-term growth potential against any near-term headwinds that could impact its stock price.