Franklin Resources

BEN · NYSE

$31.24+$0.53 (+1.73%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $30.71

BEN analyst rating

HoldConsensus of 8 analysts over the last 12 months. 38% rate it a buy.

Strong buy0
Buy3
Hold4
Underperform1
Sell0

12-month price target · 14 analysts

Average $36.20 (+15.9% upside)

Low: $26.26
Now: $31.24
High: $43.05

Upgrades and downgrades

The latest rating actions, newest first

BEN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 14, 2026	Maintains	Equal-Weight	$36.00 → $34.00	57%
JP Morgan	Oct 12, 2026	Maintains	Neutral	$34.00 → $35.00	53%
TD Cowen	Oct 12, 2026	Maintains	Buy	$40.00 → $38.00	53%
Evercore ISI Group	Oct 9, 2026	Maintains	Underperform	$36.00 → $35.00	56%
UBS	Oct 7, 2026	Initiates	Neutral → Buy	$23.00 → $40.00	43%
Morgan Stanley	Sep 25, 2026	Maintains	Equal-Weight	$34.00 → $35.00	54%
Evercore ISI Group	Aug 3, 2026	Maintains	Underperform	$35.00 → $36.00	56%
Barclays	Aug 3, 2026	Maintains	Equal-Weight	$34.00 → $36.00	57%
Barclays	Jul 14, 2026	Maintains	Equal-Weight	$31.00 → $34.00	57%
Evercore ISI Group	Jul 10, 2026	Maintains	Underperform	$32.00 → $35.00	56%

The case for and against

Updated Apr 24, 2025

Bull case

Franklin Resources reported $1.577 trillion in managed assets as of February 2025, with a diversified allocation across equity, fixed-income, alternatives, and money market funds. The firm has demonstrated resilience with strong performance in its evergreen products, which have collectively approached $1 billion in assets under management, indicating robust demand and growth potential. Additionally, management's expectation of realizing $200-250 million in expense reductions in fiscal 2026 further supports a favorable outlook for the company's financial performance.

Bear case

Franklin Resources reported an adjusted operating income miss relative to both KBW and consensus estimates, indicating underlying financial challenges despite maintaining high margins. Weak demand trends and disappointing performance in key products have resulted in persistent outflows, which are anticipated to continue impacting the company's stock negatively in the near term. Furthermore, revised earnings per share estimates for fiscal years 2025 and 2026 were lowered due to expected revenue and expense pressures, reflecting a challenging growth outlook for the firm.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.