From Financial Modeling Prep: 2024-11-03 07:00:01

The consensus price target for Franklin Resources, Inc. (NYSE: BEN) has declined over the past year, signaling a cautious outlook from analysts. Despite this trend, some analysts, like Robert Lee from KBW, hold a more optimistic view with a price target of $45. Investors should closely monitor Franklin Resources’ earnings, strategies, and industry trends for informed decisions.

Franklin Resources, Inc. (NYSE: BEN) is an asset management holding company founded in 1947. It offers investment services including equity, fixed income, and multi-asset mutual funds. Headquartered in San Mateo, California, with an office in Hyderabad, India, Franklin Resources has a significant global presence.

The consensus price target for Franklin Resources has decreased over the past year, with the average price target dropping to $19. Factors such as market conditions and company performance may contribute to this cautious outlook. Analyst Robert Lee from KBW remains optimistic with a $45 price target, reflecting mixed sentiment among analysts.

Investors should keep an eye on Franklin Resources’ quarterly earnings, strategic moves, and industry trends. Changes in interest rates, regulations, and global economic conditions can influence the company’s financial performance. Conducting thorough research is essential for making informed investment decisions regarding Franklin Resources, Inc.



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