Franklin Resources, Inc. · BEN · FY2026 Q1 · Calendar Q1 2026
Franklin Templeton: Flows and Alternatives Support Growth
The supplied analyses support a constructive operating thesis: demand for alternatives and integrated public-private solutions, alongside active ETFs, Canvas, tokenization, and AI-enabled efficiency, can support growth if management executes its cost, integration, fundraising, and regulatory priorities.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The current analysis adds record long-term inflows, broader AUM momentum, continued private-credit and active-ETF expansion, and more detail on AI-enabled distribution and tokenized products. The strategic direction is broadly consistent with the prior analysis, while execution and regulatory risks remain.
Guidance delta
Maintained; the supplied analysis indicates no change to the existing outlook.
Key takeaways
- The current analysis points to record long-term inflows and higher AUM, supported by integrated public-private solutions and multi-asset demand.
- Alternatives, active ETFs, Canvas, and digital-asset offerings remain the main strategic growth themes.
- Management continues to pair expansion with expense discipline and a margin-expansion objective.
- The prior analysis emphasized similar drivers, including alternatives fundraising, ETFs, Canvas, tokenization, and cost savings.
Management priorities
- Expand alternatives and private credit
- Scale active ETFs and Canvas
- Develop tokenized funds and AI-enabled distribution
- Consolidate wealth and institutional channels
- Use targeted acquisitions to fill product or geographic gaps
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 1, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 25, 2026 |
| Evercore ISI Group | Underperform | Underperform | Maintain | Aug 3, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 3, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jun 22, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Apr 29, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 29, 2026 |
| B of A Securities | Underperform | Underperform | Maintain | Oct 2, 2025 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 11, 2025 |
| UBS | Neutral | Neutral | Maintain | Feb 3, 2025 |
| Keefe, Bruyette & Woods | Underperform | Underperform | Maintain | Feb 3, 2025 |
| BMO Capital | Market Perform | Market Perform | Maintain | Feb 3, 2025 |
| Deutsche Bank | Hold | Hold | Maintain | Nov 5, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | May 2, 2023 |
| Citigroup | Neutral | Buy | Downgrade | Apr 12, 2022 |
| CFRA | Hold | Hold | Maintain | May 1, 2020 |
| Standpoint Research | Buy | Accumulate | Maintain | Dec 23, 2019 |
| Keefe Bruyette & Woods | Underperform | Market Perform | Downgrade | Apr 29, 2019 |
| Bank of America | Underperform | Neutral | Downgrade | Jan 11, 2019 |
| Jefferies | Hold | Hold | Maintain | Oct 11, 2016 |
| Susquehanna | Neutral | Neutral | Maintain | Nov 3, 2015 |
| PiperJaffray | Neutral | Neutral | Maintain | Jun 3, 2015 |
| Evercore Partners | Overweight | Equal Weight | Upgrade | Nov 22, 2013 |
| Macquarie | Neutral | Outperform | Downgrade | May 21, 2013 |
| Stifel Nicolaus | Buy | Buy | Maintain | May 9, 2013 |
| Stifel | Buy | Buy | Maintain | May 9, 2013 |
| Sterne Agee | Neutral | Buy | Downgrade | May 2, 2013 |
| Nomura | Neutral | Neutral | Maintain | May 1, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $32.5. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $35 | $32.55 | +7.7% | Sep 25, 2026 |
| Deutsche Bank | Analyst unavailable | $34 | $35.39 | +4.6% | Aug 3, 2026 |
| Barclays | Benjamin Budish | $36 | $33.86 | +10.8% | Aug 3, 2026 |
| Barclays | Analyst unavailable | $34 | $32.83 | +4.6% | Jul 14, 2026 |
| Evercore ISI | Analyst unavailable | $35 | $33.84 | +7.7% | Jul 10, 2026 |
| Morgan Stanley | Analyst unavailable | $34 | $32.95 | +4.6% | Jun 26, 2026 |
| Evercore ISI | Analyst unavailable | $32 | $31.5 | -1.5% | Jun 8, 2026 |
| Morgan Stanley | Analyst unavailable | $31 | $30.46 | -4.6% | May 6, 2026 |
| Evercore ISI | Glenn Schorr | $28 | $29.72 | -13.8% | Apr 29, 2026 |
| Goldman Sachs | Analyst unavailable | $34 | $29.46 | +4.6% | Apr 29, 2026 |
| Barclays | Benjamin Budish | $31 | $29.46 | -4.6% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $26 | $26.55 | -20.0% | Apr 17, 2026 |
| Evercore ISI | Analyst unavailable | $27 | $24.94 | -16.9% | Apr 10, 2026 |
| Morgan Stanley | Analyst unavailable | $22 | $27.25 | -32.3% | Feb 3, 2026 |
| Barclays | Analyst unavailable | $25 | $25.63 | -23.1% | Jan 15, 2026 |
| Barclays | Benjamin Budish | $22 | $23.46 | -32.3% | Dec 12, 2025 |
| Morgan Stanley | Michael Cyprys | $19 | $20.67 | -41.5% | Oct 18, 2024 |
| Barclays | Benjamin Budish | $20 | $20.74 | -38.5% | Aug 27, 2024 |
| Wells Fargo | Aidan Hall | $23 | $19.78 | -29.2% | Aug 22, 2024 |
| BMO Capital | Etienne Ricard | $26 | $23.08 | -20.0% | Jul 26, 2024 |
| Deutsche Bank | Brian Bedell | $29 | $27.2 | -10.8% | Apr 5, 2024 |
| CFRA | Catherine Seifert | $30 | $27.04 | -7.7% | Mar 14, 2024 |
| Wells Fargo | Analyst unavailable | $26 | $27.1 | -20.0% | Dec 15, 2022 |
| Goldman Sachs | Analyst unavailable | $23 | $26.42 | -29.2% | Nov 23, 2022 |
| Deutsche Bank | Analyst unavailable | $26 | $27.2 | -20.0% | Nov 15, 2022 |
| Morgan Stanley | Analyst unavailable | $20 | $22.22 | -38.5% | Oct 3, 2022 |
| Goldman Sachs | Analyst unavailable | $21 | $21.8 | -35.4% | Oct 3, 2022 |
| Deutsche Bank | Analyst unavailable | $29 | $28.96 | -10.8% | Aug 12, 2022 |
| UBS | Analyst unavailable | $27 | $27.62 | -16.9% | Aug 1, 2022 |
| Morgan Stanley | Analyst unavailable | $21 | $22.73 | -35.4% | Jun 30, 2022 |
| BMO Capital | James Fotheringham | $27 | $23.07 | -16.9% | Jun 14, 2022 |
| Deutsche Bank | Analyst unavailable | $25 | $25.14 | -23.1% | May 19, 2022 |
| KBW | Robert Lee | $45 | $36.98 | +38.5% | Nov 2, 2021 |
| Wells Fargo | Christopher Harris | $30 | $32.47 | -7.7% | May 5, 2021 |
| Barclays | Jeremy Campbell | $28 | $32.47 | -13.8% | May 5, 2021 |
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Start freeCompany context
Snapshot as of publicationFranklin Resources, Inc. is a publicly owned asset investment manager. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. The firm invests in the public equity, fixed income, and alternative markets. Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with an additional office in Calgary, Alberta; Dubai, United Arab Emirates; Edinburgh, Midlothian; Fort Lauderdale, Florida; Hyderabad, India; London, Greater London; Rancho Cordova, California; Shanghai, Shanghai Province; Singapore; Stamford, Connecticut; and Vienna.
Historical context
All BEN earningsFinancial Services peers this season
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| CM Canadian Imperial Bank of Commerce | FY2026 Q3 · Calendar Q3 2026 | +8.9% | -2.8% | CIBC Q3: Broad growth, resilient credit and expanded AI rollout |
| TD The Toronto-Dominion Bank | FY2026 Q3 · Calendar Q3 2026 | +13.8% | +1.4% | TD emphasizes growth investments alongside disciplined capital management |
| RY Royal Bank of Canada | FY2026 Q3 · Calendar Q3 2026 | +6.2% | -1.3% | RBC reports record Q3 earnings while investing for growth |
| AFRM Affirm Holdings, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1230.3% | +0.3% | Affirm's most profitable quarter shifts focus to product execution |
Latest beats and misses
Who reports nextBeat on EPS
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
- MUFY2026 Q4 · September 30, 2026+5.4% EPS+0.0% move
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
Get the BEN recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-10-01T20:46:09.584339+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-01T20:46:09.581700+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-01. For educational purposes only; not investment advice.