On May 6, 2025, Needham analyst Kyle Peterson initiated coverage on Broadridge Financial Solutions (BR, Financial) with a "Buy" rating. This marks a significant move as Broadridge Financial Solutions continues to attract interest from major analysts.
Needham has set a price target of $300.00 USD for Broadridge Financial Solutions (BR, Financial). This target emphasizes the potential upside and growth opportunities foreseen by the analyst. The announcement of this target price is a new development, as no prior target was provided by the analyst firm.
The initiation of coverage with a "Buy" rating by Needham indicates a positive outlook on Broadridge Financial Solutions' (BR, Financial) future performance in the market. Investors often look to analyst ratings and price targets as a means to gauge stock potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Broadridge Financial Solutions Inc (BR, Financial) is $238.72 with a high estimate of $259.00 and a low estimate of $220.00. The average target implies an upside of 2.82% from the current price of $232.18. More detailed estimate data can be found on the Broadridge Financial Solutions Inc (BR) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Broadridge Financial Solutions Inc's (BR, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Broadridge Financial Solutions Inc (BR, Financial) in one year is $222.07, suggesting a downside of 4.35% from the current price of $232.18. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Broadridge Financial Solutions Inc (BR) Summary page.
