Franklin Resources, Inc. — Wall Street Analyst Estimates & Price Targets

BEN

NYSEFinancial ServicesAsset ManagementCIK 0000038777franklintempleton.com/corporateAbout BEN

Last close · Oct 16, 202630.98−0.40 (−1.27%)

Market cap$15.7B

4 firms' latest targets, last 90 days: median $35.50 ($34.00–$40.00), 15% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 4 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-07	UBS	$40.00	—	—	+25%	+29%
2026-09-25	Morgan Stanley	$35.00	$34.00	▲ 3%	+8%	+13%
2026-08-03	Deutsche Bank	$34.00	—	—	-4%	+10%
2026-08-03	Barclays	$36.00	$34.00	▲ 6%	+6%	+16%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2022reported	$8.3B	-2%	$2.53	-29%	est. $6.4B+29%	est. $3.52	1
2023reported	$7.8B	-5%	$1.72	-32%	est. $6.0B+30%	est. $2.34	4
2024reported	$8.5B	+8%	$0.85	-51%	est. $8.7B-3%	est. $0.69	1
2025reported	$8.8B	+3%	$0.91	+7%	est. $6.6B+33%	est. $2.13	3
2026	$7.2B	-18%	$2.90	+36%	$7.2B–$7.3B	$2.86–$2.96	3
2027	$7.7B	+7%	$3.16	+9%	$7.5B–$7.9B	$3.02–$3.34	3
2028	$8.3B	+8%	$3.58	+13%	$8.1B–$8.6B	$3.34–$3.81	2
2029	$9.0B	+8%	$4.16	+16%	$8.5B–$9.4B	$3.87–$4.41	1

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$35.50median target, 15% above the last close

Firms with a target · last 90 days: 4
Lowest – highest target: $34.00 – $40.00
Current grades of 6 firms: positive / neutral / negative: 2 / 3 / 1
Upgrades / downgrades · 12 months: 2 / 0
Consensus revenue growth · next 3 FY: -2% a year

Current grades

each firm's latest · 6 firms

As of	Firm	Grade
2026-10-14	Barclays	“Equal Weight”
2026-10-12	TD Cowen	“Buy”
2026-10-12	J.P. Morgan	“Neutral”
2026-10-09	Evercore ISI	“Underperform”
2026-09-25	Morgan Stanley	“Equal Weight”
2026-04-29	Goldman Sachs	“Buy”

Grade changes

last 24 months · 3

Date	Firm	Grade
2026-05-06	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2026-04-29	Barclays	“Underweight” → “Equal Weight” upgrade
2025-06-27	Goldman Sachs	“Neutral” → “Buy” upgrade

53 older than 24 months

2024-01-08	Wells Fargo	“Underweight” → “Equal Weight” upgrade
2022-09-08	Bank of America	“Neutral” → “Underperform” downgrade
2022-06-29	Keefe, Bruyette & Woods	“Market Perform” → “Underperform” downgrade
2022-04-12	Keefe, Bruyette & Woods	“Outperform” → “Market Perform” downgrade
2022-04-12	Citigroup	“Buy” → “Neutral” downgrade
2021-12-17	BMO Capital	“Outperform” → “Market Perform” downgrade
2021-11-02	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2021-03-29	BMO Capital	“Market Perform” → “Outperform” upgrade
2021-01-05	Goldman Sachs	“Neutral” → “Sell” downgrade
2020-11-23	Keefe, Bruyette & Woods	“Outperform” → “Market Perform” downgrade
2020-10-19	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2020-10-09	Bank of America	“Underperform” → “Buy” upgrade
2020-02-25	Goldman Sachs	“Sell” → “Neutral” upgrade
2020-02-20	BMO Capital	“Underperform” → “Market Perform” upgrade
2020-01-31	Keefe, Bruyette & Woods	“Underperform” → “Market Perform” upgrade
2020-01-02	Wells Fargo	“Equal Weight” → “Underweight” downgrade
2019-12-23	Standpoint Research	“Accumulate” → “Buy” revised
2019-09-12	J.P. Morgan	“Underweight” → “Neutral” upgrade
2019-04-29	Keefe, Bruyette & Woods	“Market Perform” → “Underperform” downgrade
2019-04-15	Citigroup	“Sell” → “Neutral” upgrade
2019-01-11	Bank of America	“Neutral” → “Underperform” downgrade
2019-01-08	Evercore ISI	“In Line” → “Underperform” downgrade
2018-09-06	J.P. Morgan	“Neutral” → “Underweight” downgrade
2017-07-24	Wells Fargo	“Outperform” → “Market Perform” downgrade
2017-03-17	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2017-03-16	Bank of America	“Neutral” → “Buy” upgrade
2017-02-24	Deutsche Bank	“Sell” → “Hold” upgrade
2016-11-10	Deutsche Bank	“Hold” → “Sell” downgrade
2016-11-10	UBS	“Sell” → “Neutral” upgrade
2016-11-09	Bank of America	“Underperform” → “Neutral” upgrade
2016-06-02	UBS	“Neutral” → “Sell” downgrade
2016-03-15	Bank of America	“Neutral” → “Underperform” downgrade
2016-01-04	Credit Suisse	“Neutral” → “Underperform” downgrade
2015-12-08	Barclays	“Equal Weight” → “Underweight” downgrade
2015-09-09	Deutsche Bank	“Hold” → “Buy” upgrade
2015-02-02	Keefe, Bruyette & Woods	“Market Perform” → “Perform” revised
2015-01-14	Goldman Sachs	“Buy” → “Neutral” downgrade
2014-10-08	Keefe, Bruyette & Woods	“Market Perform” → “Perform” revised
2014-07-31	Citigroup	“Buy” → “Neutral” downgrade
2014-07-13	Keefe, Bruyette & Woods	“Market Perform” → “Perform” revised
2014-07-01	UBS	“Buy” → “Neutral” downgrade
2014-06-18	Goldman Sachs	“Neutral” → “Buy” upgrade
2014-04-04	Keefe, Bruyette & Woods	“Outperform” → “Market Perform” downgrade
2014-02-11	Susquehanna	“Positive” → “Neutral” downgrade
2013-11-22	Evercore ISI	“Equal Weight” → “Overweight” upgrade
2013-07-17	BMO Capital	“Market Perform” → “Outperform” upgrade
2013-07-12	Susquehanna	“Neutral” → “Positive” upgrade
2013-05-21	Macquarie	“Outperform” → “Neutral” downgrade
2013-05-13	Citigroup	“Neutral” → “Buy” upgrade
2013-05-13	UBS	“Neutral” → “Buy” upgrade
2013-05-02	Sterne Agee	“Buy” → “Neutral” downgrade
2013-02-04	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2012-06-01	Goldman Sachs	“Buy” → “Neutral” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.