Franklin Resources, Inc. (BEN)
NYSE: BEN · IEX Real-Time Price · USD
23.60
+0.54 (2.34%)
At close: May 31, 2024, 4:00 PM
23.87
+0.27 (1.14%)
After-hours: May 31, 2024, 7:56 PM EDT
Franklin Resources Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Franklin Resources stock have an average target of 27.33, with a low estimate of 24 and a high estimate of 32. The average target predicts an increase of 15.81% from the current stock price of 23.60.
Analyst Consensus: Hold
* Price targets were last updated on Apr 30, 2024.
Analyst Ratings
The average analyst rating for BEN stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 8 | 8 | 7 | 7 | 7 |
| Sell | 5 | 4 | 4 | 3 | 2 | 2 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 10 | 13 | 13 | 11 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Hold Maintains $29 → $24 | Hold | Maintains | $29 → $24 | +1.69% | Apr 30, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $29 → $26 | Hold | Maintains | $29 → $26 | +8.05% | Apr 30, 2024 |
| Evercore ISI Group | Evercore ISI Group | Sell Maintains $29 → $26 | Sell | Maintains | $29 → $26 | +10.17% | Apr 30, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $30 → $27 | Hold | Maintains | $30 → $27 | +14.41% | Apr 30, 2024 |
| Morgan Stanley | Morgan Stanley | Sell Maintains $24 → $25 | Sell | Maintains | $24 → $25 | +5.93% | Apr 17, 2024 |
Financial Forecast
Revenue This Year
6.62B
from 7.85B
Decreased by -15.70%
Revenue Next Year
7.05B
from 6.62B
Increased by 6.51%
EPS This Year
2.47
from 1.72
Increased by 43.63%
EPS Next Year
2.81
from 2.47
Increased by 13.58%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.9B | 7.5B | 7.9B | 8.4B | 8.4B |
| Avg | 6.6B | 7.0B | 7.5B | 8.1B | 8.1B |
| Low | 6.4B | 6.7B | 7.1B | 7.9B | 7.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -11.8% | 13.5% | 12.8% | 13.1% | 3.3% |
| Avg | -15.7% | 6.5% | 5.8% | 8.8% | -0.6% |
| Low | -18.5% | 1.5% | 0.2% | 5.6% | -3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.69 | 3.22 | 3.49 | 3.05 | 3.23 |
| Avg | 2.47 | 2.81 | 3.18 | 2.93 | 3.11 |
| Low | 2.31 | 2.52 | 2.89 | 2.84 | 3.02 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 56.3% | 30.5% | 24.2% | -4.2% | 10.4% |
| Avg | 43.6% | 13.6% | 13.2% | -7.8% | 6.2% |
| Low | 34.5% | 2.0% | 3.0% | -10.6% | 3.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.