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

$108.13

+0.21 (+0.19%)

(As of 09/18/2024 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 10 Analyst Ratings

Based on 10 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 10 analysts, 3 have given a sell rating, and 7 have given a hold rating for TROW.

Consensus Price Target

$113.30
4.78% Upside

High Forecast	$125.00
Average Forecast	$113.30
Low Forecast	$99.00

According to the 10 analysts' twelve-month price targets for T. Rowe Price Group, the average price target is $113.30. The highest price target for TROW is $125.00, while the lowest price target for TROW is $99.00. The average price target represents a forecasted upside of 4.78% from the current price of $108.13.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Reduce	Reduce	Reduce	Sell
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)	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	4 Sell rating(s)	6 Sell rating(s)
Consensus Price Target	$113.30	$114.67	$112.10	$96.73
Forecasted Upside	4.78% Upside	1.86% Upside	-1.71% Downside	-18.09% Downside

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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	1.70	2.47	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	4.78% Upside	13.74% Upside	7.94% Upside
News Sentiment Rating	Positive 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
9/12/2024	Wells Fargo & Company 3 of 5 stars	F. Oshea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Strong Sell ➝ Equal Weight	$109.00	+4.70%
9/5/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$115.00 ➝ $108.00	+3.23%
8/27/2024	Barclays 3 of 5 stars	B. Budish Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underweight	$99.00	-9.41%
8/15/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$112.00 ➝ $113.00	+4.36%
7/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$123.00 ➝ $118.00	+4.67%
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%
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7/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$102.00 ➝ $107.00	-8.30%
4/17/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$114.00 ➝ $125.00	+12.22%
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%
7/31/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$89.50 ➝ $100.00	-21.13%
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 05:28 AM ET.

TROW Forecast - Frequently Asked Questions

What is T. Rowe Price Group's forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for T. Rowe Price Group is $113.30, with a high forecast of $125.00 and a low forecast of $99.00.
Should I buy or sell T. Rowe Price Group stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 3 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" TROW shares.
Does T. Rowe Price Group's stock price have much upside?: According to analysts, T. Rowe Price Group's stock has a predicted upside of 2.01% based on their 12-month stock forecasts.
What analysts cover T. Rowe Price Group?: T. Rowe Price Group has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Keefe, Bruyette & Woods, TD Cowen, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like T. Rowe Price Group more than its competitors?: 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.