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Franklin Resources Inc has a consensus price target of $23.13 based on the ratings of 21 analysts. The high is $32 issued by TD Cowen on January 4, 2024. The low is $18.5 issued by TD Cowen on November 5, 2024. The 3 most-recent analyst ratings were released by TD Cowen, Wells Fargo, and Keefe, Bruyette & Woods on November 5, 2024, respectively. With an average price target of $19 between TD Cowen, Wells Fargo, and Keefe, Bruyette & Woods, there's an implied -12.56% downside for Franklin Resources Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Franklin Resources (NYSE:BEN) was reported by TD Cowen on November 5, 2024. The analyst firm set a price target for $18.50 expecting BEN to fall to within 12 months (a possible -14.86% downside). 33 analyst firms have reported ratings in the last year.
The latest analyst rating for Franklin Resources (NYSE:BEN) was provided by TD Cowen, and Franklin Resources maintained their hold rating.
The last upgrade for Franklin Resources Inc happened on January 8, 2024 when Wells Fargo raised their price target to $30. Wells Fargo previously had an underweight for Franklin Resources Inc.
The last downgrade for Franklin Resources Inc happened on September 8, 2022 when B of A Securities changed their price target from $28 to $25 for Franklin Resources Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Franklin Resources, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Franklin Resources was filed on November 5, 2024 so you should expect the next rating to be made available sometime around November 5, 2025.
While ratings are subjective and will change, the latest Franklin Resources (BEN) rating was a maintained with a price target of $20.00 to $18.50. The current price Franklin Resources (BEN) is trading at is $21.73, which is out of the analyst’s predicted range.
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