Goldman Sachs Upgrades Franklin Resources (BEN) Stock to Buy

Franklin Resources, Inc. (NYSE:BEN) is one of the 10 Best Value Stocks to Buy According to Billionaires. On June 27, Goldman Sachs upgraded the company’s stock to “Buy” from “Neutral” with a price objective of $29, as reported by The Fly. The firm highlighted the company’s improved traction in alternative investments and moderation of outflows from traditional products. Furthermore, the analyst noted that Franklin Resources, Inc. (NYSE:BEN) made meaningful progress in the expansion of its business towards the private markets business.

Goldman Sachs Upgrades Franklin Resources (BEN) Stock to Buy

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As per the firm, as the appetite for alternative products builds from the wealth channel, Franklin Resources, Inc. (NYSE:BEN) can draw from its expansive global retail distribution to fuel growth at attractive fee rates. Furthermore, Franklin Resources, Inc. (NYSE:BEN)’s organic base fee growth is expected to be closer to break-even over the upcoming quarters compared to the negative mid-single-digit decay over the previous years, opines the firm.

Franklin Resources, Inc. (NYSE:BEN) reported preliminary month-end AUM of $1.57 trillion as of May 31, 2025, compared to $1.53 trillion as of April 30, 2025. This month’s AUM demonstrated the positive impact of markets and preliminary long-term net inflows of $1 billion, which includes $3 billion of long-term net outflows at Western Asset Management.

While we acknowledge the potential of BEN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BEN and that has 100x upside potential, check out our report about this cheapest AI stock.

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