Citi analyst Christopher Allen raised the price of the company target price about Raymond James (RJF) to $170 from $145 and maintains a Neutral rating on the stock as part of the 2025 forecast for brokers and asset managers. The focus in the brokerage space has shifted from cash balances and rate expectations to “increasing retail activity and upside trends following positive post-election market headwinds,” the analyst tells investors in a research note. The company believes the group has since appreciated continued growth and wants to “continue to be selective after the moves we’ve seen”. Interactive Brokers (IBKR) continues to be Citi’s favorite name given its client and regional diversity and competitive advantages.
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