TD Cowen Reiterates Buy Rating on Franklin Resources
TD Cowen maintains its buy rating for Franklin Resources with a $40 price target, a 23.19% upside from the current price.
Key Points
- TD Cowen reaffirmed its buy rating on Franklin Resources, Inc. (NYSE:BEN) with a $40 price target on June 22, 2026.
- TD Cowen's $40 price target implies 23.19% upside from Franklin Resources, Inc.'s ($BEN) current $32.47 share price.
- Shares of Franklin Resources traded around $33.05 on Monday, with a market cap of approximately $17.17 billion and a P/E ratio of 25.23.
- Insider buying activity includes Karen Matsushima King purchasing 84 shares on May 2, 2026, at an average price of $29.84.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
TD Cowen reiterated its buy rating for Franklin Resources, Inc. (NYSE:BEN) on June 22, 2026, maintaining a price target of $40. Analyst Bill Katz continues to see potential in the asset management firm.
TD Cowen vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Franklin Resources, Inc. Stock Down 6.3%
Shares of NYSE:BEN traded near $33.05 on Monday. Franklin Resources, Inc. has a market cap of about $17.17 billion, with a P/E ratio of 25.23 and a forward P/E of 11.06. The stock's 52-week range spans from $21.11 to $34.18. The company's 50-day moving average is $30.10, while the 200-day moving average stands at $25.75. Franklin Resources also boasts a current ratio of 6.34 and a quick ratio of 1.35.
$BEN price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Franklin Resources reported revenue of approximately $9.03 billion, reflecting a growth rate of 8.7%. The company's net margin stands at 8.12%, with a return on equity of 6.70%. Earnings per share were $1.31. The next earnings report is anticipated on July 31, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
5 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 27.7%. Revenue beat estimates by 32.9%.
-
Profit surprise
EBITDA missed by 5 percent. Operating income beat by 6 percent.
-
Pre-earnings setup
Bar was low, analysts cautious going in.
-
Analyst signal
2 upgrades, 5 target raises.
-
Earnings quality
Gross margin down 26.0 points. Operating margin up 7.2 points. Positive free cash flow.
Earnings Call Summary
Franklin reported record long-term inflows of 118.6 billion dollars, up 22 percent from the prior year. The company ended the quarter with 1.68 trillion dollars in assets under management. Management emphasized that clients now want integrated solutions across public and private markets rather than standalone products, positioning Franklin well given its broad platform spanning 150 countries and all asset classes.
Guidance Franklin expects operating margins to reach the high 20s percent by the end of fiscal 2026 at flat markets, up from current levels. The company guided second quarter expenses of roughly 1.3 billion dollars, with bigger cost savings in quarters three and four. The company also expects alternative asset fundraising between 25 to 30 percent for the full year.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Insider Buying and Selling at Franklin Resources, Inc.
Recent insider activity at Franklin Resources includes Karen Matsushima King buying 84 shares on May 2, 2026, at an average price of $29.84. Earlier in the year, Anthony Noto purchased 7,593 shares at $27.00 per share on February 4, 2026. Similarly, Alexander Friedman and Mariann Byerwalter each bought 7,592 and 7,593 shares, respectively, at the same price on February 3, 2026.
Analysts Set New Price Targets
On June 22, 2026, TD Cowen maintained its buy rating with a $40 price target for Franklin Resources. Previously, on May 6, 2026, Morgan Stanley upgraded the stock to a hold rating, setting a $31 target. The consensus recommendation for the stock is currently a hold, with an average price target of $31.59 based on 11 analyst opinions.
About Franklin Resources, Inc.
Franklin Resources, Inc. is a global investment management firm headquartered in San Mateo, California. The company offers a variety of investment services to individuals, institutions, and financial professionals through its subsidiaries. Founded in 1947, Franklin Resources manages a diverse range of equity, fixed income, and alternative investment strategies. The firm employs around 10,000 people worldwide and is led by CEO Jennifer M. Johnson.
Bottom Line
TD Cowen's reiterated buy rating and $40 price target underscore ongoing confidence in Franklin Resources, Inc. While the stock trades near $33.05, investors will watch for upcoming earnings on July 31, 2026. This analysis is based on past data and may not reflect current conditions.
Get Franklin Resources, Inc. alerts
New 13F filings, insider trades, and analyst moves on $BEN, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.