James Faucette, an analyst from Morgan Stanley, maintained the Hold rating on Broadridge Financial Solutions. The associated price target was lowered to $256.00.
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James Faucette has given his Hold rating due to a combination of factors that reflect both the strengths and potential challenges facing Broadridge Financial Solutions. The company has demonstrated strong performance with a robust start to FY26, driven by the stability of its recurring revenue streams and significant event-driven revenue upside. This has resulted in an impressive adjusted diluted EPS growth, indicating the company’s ability to capitalize on non-recurring revenue opportunities.
However, despite these positive indicators, there are considerations that temper a more bullish outlook. Broadridge is actively investing in future growth areas such as tokenization via the Canton network, which presents both opportunities and risks. The company’s forward position growth remains healthy, yet the potential impacts of tokenization-related developments could affect the company’s performance. As a result, while the company is tracking towards the high end of its recurring revenue growth range, the Hold rating reflects a cautious approach given the uncertainties in the broader market environment.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $241.00 price target.