T. Rowe Price Group (TROW) Stock Forecast & Price Target

$117.52 -0.43 (-0.36%)

(As of 11/20/2024 ET)

T. Rowe Price Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 11 Analyst Ratings

Sell
4

Hold
7

Buy
0

Based on 11 Wall Street analysts who have issued ratings for T. Rowe Price Group in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 11 analysts, 4 have given a sell rating, and 7 have given a hold rating for TROW.

Consensus Price Target

$115.55
-1.68% Downside

According to the 11 analysts' twelve-month price targets for T. Rowe Price Group, the average price target is $115.55. The highest price target for TROW is $129.00, while the lowest price target for TROW is $102.00. The average price target represents a forecasted downside of -1.68% from the current price of $117.52.

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TROW Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)
Sell	4 Sell rating(s)	4 Sell rating(s)	3 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$115.55	$113.00	$114.67	$94.45
Forecasted Upside	-1.68% Downside	0.07% Upside	4.60% Upside	-3.38% Downside
Consensus Rating	Reduce	Reduce	Reduce	Reduce

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TROW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TROW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

T. Rowe Price Group Stock vs. The Competition

Type	T. Rowe Price Group	Finance Companies	S&P 500
Consensus Rating Score	1.64	2.49	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	-1.68% Downside	12.88% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent TROW News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Boost Target	Hold ➝ Hold	$115.00 ➝ $120.00	+0.70%
11/7/2024	Evercore ISI 2 of 5 stars		Boost Target	In-Line ➝ In-Line	$112.00 ➝ $113.00	-6.61%
11/4/2024	TD Cowen 4 of 5 stars		Lower Target	Hold ➝ Hold	$120.00 ➝ $116.00	+3.58%
11/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$116.00 ➝ $115.00	+3.28%
11/4/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Budish Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight ➝ Underweight	$101.00 ➝ $110.00	-1.84%
11/4/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$127.00 ➝ $129.00	+15.12%
Get the Latest News and Ratings for TROW and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for T. Rowe Price Group and its competitors with MarketBeat's FREE daily newsletter.
10/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	F. Oshea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$109.00 ➝ $112.00	+4.73%
10/3/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$106.00 ➝ $102.00	-4.28%
7/29/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform	$121.00 ➝ $120.00	+6.84%
4/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$100.00 ➝ $109.00	-5.38%
4/5/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$110.00 ➝ $125.00	+7.68%
5/3/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/5/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform	$78.00 ➝ $72.00	-33.99%
1/27/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	James Fotheringham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Perform	$105.00 ➝ $90.00	-21.45%
1/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underperform	$70.00 ➝ $65.00	-43.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:12 AM ET.

Should I Buy T. Rowe Price Group Stock? TROW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 30, 2024. Please send any questions or comments about these T. Rowe Price Group pros and cons to contact@marketbeat.com.

T. Rowe Price Group
Bull Case

Here are some ways that investors could benefit from investing in T. Rowe Price Group, Inc.:

T. Rowe Price Group, Inc. has a dividend yield of 4.69%, providing investors with a steady income stream.
Institutional investors own 73.39% of the company's stock, indicating confidence from large financial entities.
Recent insider selling activities suggest that company executives believe in the future growth potential of T. Rowe Price Group, Inc.
Analysts have set an average price target of $113.30 for T. Rowe Price Group, Inc., indicating potential for stock price appreciation.
T. Rowe Price Group, Inc. has a low price-to-earnings ratio of 12.42, making it potentially undervalued compared to industry peers.

T. Rowe Price Group
Bear Case

Investors should be bearish about investing in T. Rowe Price Group, Inc. for these reasons:

Several research analysts have issued sell ratings on T. Rowe Price Group, Inc., indicating potential concerns about the company's performance.
The stock has a beta of 1.41, suggesting higher volatility compared to the market average, which may not be suitable for all investors.
Recent price target adjustments by analysts, such as lowering price targets, could signal underlying challenges or uncertainties for the company.
Insiders have sold a significant number of shares in the last quarter, which could be perceived as a lack of confidence in the company's future prospects.
The company's payout ratio is relatively high at 58.91%, which may limit future dividend growth or reinvestment opportunities.

TROW Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for T. Rowe Price Group is $115.55, with a high forecast of $129.00 and a low forecast of $102.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last twelve months. There are currently 4 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" TROW shares.
: According to analysts, T. Rowe Price Group's stock has a predicted downside of -1.68% based on their 12-month stock forecasts.
: T. Rowe Price Group has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, TD Cowen, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like T. Rowe Price Group less than other "finance" companies. The consensus rating for T. Rowe Price Group is Reduce while the average consensus rating for "finance" companies is Hold. Learn more on how TROW compares to other companies.

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This page (NASDAQ:TROW) was last updated on 11/21/2024 by MarketBeat.com Staff

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T. Rowe Price Group (TROW) Stock Forecast & Price Target