‘War No Threat to Growth’: Raymond James Sees Economic Resilience and Suggests Buying 2 Beaten-Down Stocks

Company Overview - Baldwin Insurance Group is a $3 billion independent insurance and risk management company based in Tampa, Florida, serving approximately 3 million clients globally [2] - The company offers a range of services including personal insurance, private risk management, and wealth management, with business solutions that support innovation and growth across various sectors such as construction, energy, healthcare, manufacturing, real estate, and transportation [1][2] Financial Performance - Baldwin reported $347.3 million in revenue for Q4 2025, reflecting a 5.3% year-over-year increase, although it missed forecasts by $4.9 million [8] - The non-GAAP EPS for Baldwin was 31 cents, up 15% year-over-year, exceeding expectations by 2 cents per share [8] Market Position and Analyst Insights - Baldwin's stock has seen a decline of over 48% in the past year due to sluggish organic growth and concerns regarding elevated debt leverage [9] - Analyst Gregory Peters maintains a positive outlook, projecting revenue growth of 34%, adjusted EBITDA growth of 35%, adjusted EPS growth of 20%, and double-digit adjusted free cash flow growth for 2026 [9] - The stock is rated as a Strong Buy with a price target of $30, indicating a potential 42% gain in the coming year [9] Analyst Consensus - The overall consensus for Baldwin is a Moderate Buy, based on 7 reviews that include 5 Buys and 2 Holds, with shares currently trading at $21.06 and an average target price of $32.33, suggesting a potential gain of 53.5% over the next year [10]