Raymond James Financial (RJF) Shares Soar 1.63% on Revenue Surge

Raymond James Financial (RJF) shares surged 1.63% today, marking the second consecutive day of gains, with a total increase of 3.13% over the past two days. The stock price reached its highest level since March 2025, with an intraday gain of 3.14%.

The strategy of buying RJF shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 5-year CAGR of 6.38%. While the strategy captured some of the subsequent upside, it also held the stock during periods of potential downside, as indicated by the 5-year beta of 1.07, suggesting slightly more volatility than the broader market.

Raymond James Financial Inc. (RJF) reported a 9% increase in net revenues, driven by strategic advancements in AI and capital management. This significant growth in revenue reflects the company's successful implementation of new technologies and efficient management practices, which have enhanced its operational capabilities and market competitiveness.

Argus Research adjusted its price target for RJF from $180 to $160 on May 5, 2025, while maintaining a "Buy" rating. This adjustment suggests that while the company's fundamentals remain strong, there may be some short-term market volatility or other factors influencing the stock price. Despite the reduction in the price target, the "Buy" rating indicates that analysts still view RJF as a promising investment opportunity.