Evercore ISI Group Cuts BEN Price Target to $35
Evercore ISI Group has reiterated its Underperform rating on Franklin Templeton Inc. with a revised price target of $35.00 on October 9, 2026, a 13.75% upside from the current price.
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Evercore ISI Group cut its price target on Franklin Templeton Inc. ($BEN) to $35 from $36 on October 9, 2026, and rates the stock "Underperform".
Since the rating, $BEN is down 3.2% after 1 week and down 3.2% to date (from the $32 close on Oct 9, 2026).
BEN
Franklin Templeton Inc.
Key Points
- On October 9, 2026, Evercore ISI Group reiterated its Underperform rating on Franklin Templeton Inc. with a new price target of $35.00, down from $36.00.
- Evercore ISI Group's $35 price target implies 13.75% upside from Franklin Templeton Inc.'s ($BEN) current $30.77 share price.
- As of October 16, 2026, Franklin Templeton's shares are trading at $30.77, which is about 12.1% below the analyst's target.
- The company has a trailing twelve-month EPS of $1.47 and is set to report its next earnings on November 6, 2026.
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Evercore ISI Group has reiterated its Underperform rating on Franklin Templeton Inc. (NYSE: BEN) and set a new price target of $35.00, down from $36.00, on October 9, 2026.
Evercore ISI Group's Call on Franklin Templeton
Evercore ISI maintained its Underperform rating for Franklin Templeton, adjusting the price target from $36.00 to $35.00. This change reflects the firm's ongoing concerns about the company's performance in the asset management sector.
Other Institutional Activity in Franklin Templeton
Several other funds have also adjusted their positions in Franklin Templeton. Blackrock Inc. grew its holdings by 143,832 shares, totaling 28,910,284 shares worth about $895.4 million. Vanguard Capital Management LLC added 46,206 shares, bringing its total to 20,135,638 shares valued at approximately $623.6 million. State Street Corporation increased its stake by 119,643 shares, ending with 19,733,211 shares worth around $611.1 million. Meanwhile, Power Corp of Canada reduced its holdings by 6,216,671 shares, leaving it with 25,340,031 shares valued at about $784.8 million.
Franklin Templeton Inc. Stock Down 6.8%
Franklin Templeton's shares are currently trading at $30.77 as of October 16, 2026. This price is about 12.1% below the recent price target set by Evercore ISI, indicating that investors may be cautious about the stock's near-term performance.
$BEN price target
Franklin Templeton Inc. daily closes and this analyst's $35 target. Not advice.
Recent Earnings
For the trailing twelve months, Franklin Templeton reported revenue of about $9.32 billion and an EPS of $1.47. The company has a net margin of 8.7% and a return on equity of 7.9%. It plans to announce its next earnings on November 6, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 27.7%. Revenue beat estimates by 32.9%.
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Profit surprise
EBITDA missed by 5 percent. Operating income beat by 6 percent.
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Pre-earnings setup
Bar was low, analysts cautious going in.
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Analyst signal
2 upgrades, 5 target raises.
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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 Templeton Inc.
Charles B Johnson, a significant beneficial owner, sold 420 shares at an average price of $17.57 on April 4, 2025, totaling about $7,379. He also bought 50,000 shares at $21.49 on November 18, 2025, worth approximately $1,074,475, and another 50,000 shares at $21.20 on November 20, 2025, valued at around $1,060,000.
Analysts Set New Price Targets
On October 9, 2026, Evercore ISI Group maintained its Underperform rating and adjusted its price target to $35.00 from $36.00. In contrast, Barclays has set a target of $34.00 and Morgan Stanley maintains a target of $35.00 with an Equal-Weight rating.
About Franklin Templeton
Franklin Templeton Inc., based in San Mateo, CA, is a publicly owned investment management firm. It provides services to a wide range of clients, including individuals and institutions, and manages various types of mutual funds. With a focus on both equity and fixed income markets, the firm is a key player in the financial services sector.
Bottom Line
Investors should keep an eye on Franklin Templeton's performance as it approaches its next earnings date on November 6, 2026. The recent analyst ratings and price adjustments suggest ongoing scrutiny of the company's market position and growth potential.
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Source: Evercore ISI Group's rating change on $BEN (Oct 9, 2026). Written by software, not financial advice. How we make alerts