Royal Bank of Canada (RY) Stock Forecast, Price Target & Predictions
RY Stock Forecast
Royal Bank of Canada stock forecast is as follows: an average price target of $193.00 (represents a 61.16% upside from RY’s last price of $119.76) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
RY Price Target
The average price target for Royal Bank of Canada (RY) is $193.00 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $193.00 to $193.00. This represents a potential 61.16% upside from RY's last price of $119.76.
RY Analyst Ratings
According to 12 Wall Street analysts, Royal Bank of Canada's rating consensus is 'Buy'. The analyst rating breakdown for RY stock is 0 'Strong Buy' (0.00%), 10 'Buy' (83.33%), 2 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Royal Bank of Canada Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 05, 2024 | Sohrab Movahedi | BMO Capital | $193.00 | $128.02 | 50.76% | 61.16% |
| Jun 06, 2024 | Stephen Biggar | Argus Research | $120.00 | $107.11 | 12.03% | 0.20% |
| Jun 06, 2022 | Argus Research | $125.00 | $105.28 | 18.73% | 4.38% | |
| Aug 27, 2021 | Douglas Young | Desjardins | $112.20 | $102.97 | 8.96% | -6.31% |
| May 19, 2021 | Ebrahim Poonawala | Bank of America Securities | $105.04 | $98.81 | 6.30% | -12.29% |
| Apr 23, 2021 | Pauline Bell | CFRA | $94.00 | $91.14 | 3.14% | -21.51% |
The latest Royal Bank of Canada stock forecast, released on Dec 05, 2024 by Sohrab Movahedi from BMO Capital, set a price target of $193.00, which represents a 50.76% increase from the stock price at the time of the forecast ($128.02), and a 61.16% increase from RY last price ($119.76).
Royal Bank of Canada Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $193.00 | $193.00 | $156.50 |
| Last Closing Price | $119.76 | $119.76 | $119.76 |
| Upside/Downside | 61.16% | 61.16% | 30.68% |
In the current month, the average price target of Royal Bank of Canada stock is $193.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 61.16% increase as opposed to Royal Bank of Canada's last price of $119.76. This month's average price target is down 0.00% compared to last quarter, and up 23.32% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 05, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 29, 2024 | TD Securities | Buy | Buy | Hold |
| Aug 29, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 29, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 20, 2024 | CIBC | Neutral | Neutral | Hold |
| Aug 20, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 02, 2024 | UBS | Buy | Initialise | |
| May 31, 2024 | CIBC | Neutral | Neutral | Hold |
| May 31, 2024 | BMO Capital | Outperform | Outperform | Hold |
| May 31, 2024 | TD Securities | Buy | Buy | Hold |
| May 17, 2024 | National Bank | Outperform | Outperform | Hold |
| May 17, 2024 | Scotiabank | Outperform | Outperform | Hold |
| May 13, 2024 | Jefferies | Buy | Upgrade | |
| Apr 04, 2024 | BMO Capital | Outperform | Upgrade | |
| Dec 18, 2023 | HSBC | Buy | Upgrade | |
| Dec 18, 2023 | Bank of America Securities | Neutral | Buy | Upgrade |
| Dec 12, 2022 | Bank of America Securities | Neutral | Upgrade | |
| Dec 01, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Aug 25, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Aug 16, 2022 | National Bank | Outperform | Outperform | Hold |
| Jun 06, 2022 | Argus Research | Buy | Buy | Hold |
Royal Bank of Canada's last stock rating was published by BMO Capital on Dec 05, 2024. The company gave RY a "Outperform" rating, the same as its previous rate.
Royal Bank of Canada Financial Forecast
Royal Bank of Canada Revenue Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $15.06B | $12.54B | $850.00M | - | $13.04B | $11.31B | $11.40B | - | $11.51B | $10.61B | $11.12B | - | $11.20B | $10.53B | $10.48B |
| Avg Forecast | $16.24B | $16.20B | $15.67B | $15.77B | $15.40B | $15.35B | $14.93B | $15.07B | $14.70B | $14.47B | $13.52B | $13.45B | $13.06B | $13.00B | $13.02B | $13.40B | $12.08B | $11.79B | $11.74B | $11.79B | $11.70B | $11.46B | $11.16B | $11.50B | $11.39B | $11.46B | $11.27B | $11.47B | $11.63B | $11.22B |
| High Forecast | $16.27B | $16.22B | $15.69B | $15.79B | $15.43B | $15.38B | $14.95B | $15.09B | $14.73B | $14.50B | $13.55B | $13.47B | $13.08B | $13.02B | $13.04B | $13.43B | $12.28B | $11.82B | $11.77B | $11.82B | $11.73B | $11.49B | $11.18B | $11.53B | $11.42B | $11.49B | $11.30B | $11.50B | $11.65B | $11.25B |
| Low Forecast | $16.19B | $16.14B | $15.62B | $15.72B | $15.35B | $15.30B | $14.88B | $15.02B | $14.66B | $14.43B | $13.48B | $13.40B | $13.02B | $12.96B | $12.98B | $13.36B | $11.91B | $11.76B | $11.71B | $11.76B | $11.67B | $11.43B | $11.13B | $11.47B | $11.36B | $11.43B | $11.24B | $11.44B | $11.60B | $11.19B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 5 | 4 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.04% | 0.07% | - | 1.11% | 0.97% | 0.99% | - | 1.00% | 0.93% | 0.97% | - | 0.98% | 0.91% | 0.93% |
Royal Bank of Canada's average Quarter revenue forecast for May 23 based on 1 analysts is $13.02B, with a low forecast of $12.98B, and a high forecast of $13.04B. RY's average Quarter revenue forecast represents a -13.58% decrease compared to the company's last Quarter revenue of $15.06B (Jan 23).
Royal Bank of Canada EBITDA Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 5 | 4 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $19.17B | $14.16B | $10.06B | - | $8.14B | $7.60B | $8.17B | - | $7.72B | $7.31B | $7.54B | - | $10.08B | $9.93B | $10.10B |
| Avg Forecast | $5.49B | $5.48B | $5.30B | $5.33B | $5.21B | $5.19B | $5.05B | $5.09B | $4.97B | $4.89B | $12.73B | $4.55B | $4.42B | $4.40B | $11.54B | $11.64B | $5.77B | $5.64B | $9.69B | $5.63B | $5.59B | $5.48B | $7.95B | $5.49B | $5.44B | $5.48B | $5.39B | $5.48B | $5.55B | $5.36B |
| High Forecast | $5.50B | $5.48B | $5.31B | $5.34B | $5.22B | $5.20B | $5.05B | $5.10B | $4.98B | $4.90B | $15.28B | $4.55B | $4.42B | $4.40B | $13.84B | $13.97B | $5.87B | $5.65B | $11.63B | $5.65B | $5.60B | $5.49B | $9.54B | $5.51B | $5.46B | $5.49B | $5.40B | $5.49B | $5.57B | $5.37B |
| Low Forecast | $5.47B | $5.46B | $5.28B | $5.31B | $5.19B | $5.17B | $5.03B | $5.08B | $4.96B | $4.88B | $10.19B | $4.53B | $4.40B | $4.38B | $9.23B | $9.31B | $5.69B | $5.62B | $7.75B | $5.62B | $5.57B | $5.46B | $6.36B | $5.48B | $5.43B | $5.46B | $5.37B | $5.46B | $5.54B | $5.35B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.65% | 2.45% | 1.78% | - | 1.45% | 1.36% | 1.49% | - | 1.40% | 1.34% | 1.38% | - | 1.84% | 1.79% | 1.88% |
1 analysts predict RY's average Quarter EBITDA for May 23 to be $11.54B, with a high of $13.84B and a low of $9.23B. This is -39.81% lower than Royal Bank of Canada's previous annual EBITDA (Jan 23) of $19.17B.
Royal Bank of Canada Net Income Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 5 | 4 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.21B | $3.88B | $3.58B | - | $4.09B | $3.89B | $4.29B | - | $3.85B | $3.25B | $3.20B | - | $3.50B | $3.20B | $3.26B |
| Avg Forecast | $5.02B | $5.05B | $4.80B | $4.80B | $4.48B | $4.55B | $4.41B | $4.48B | $4.25B | $4.21B | $6.40B | $3.96B | $3.67B | $3.83B | $5.80B | $5.95B | $3.79B | $3.78B | $4.87B | $3.87B | $3.97B | $3.77B | $3.96B | $3.23B | $2.86B | $2.61B | $4.65B | $3.25B | $3.23B | $3.26B |
| High Forecast | $5.03B | $5.06B | $4.81B | $4.81B | $4.49B | $4.56B | $4.42B | $4.51B | $4.39B | $4.21B | $7.68B | $3.96B | $3.79B | $3.84B | $6.96B | $7.14B | $3.87B | $3.79B | $5.85B | $4.00B | $3.98B | $3.78B | $4.75B | $3.24B | $2.87B | $2.62B | $5.58B | $3.26B | $3.24B | $3.27B |
| Low Forecast | $5.00B | $5.03B | $4.78B | $4.78B | $4.46B | $4.53B | $4.39B | $4.40B | $4.11B | $4.21B | $5.12B | $3.95B | $3.60B | $3.81B | $4.64B | $4.76B | $3.72B | $3.77B | $3.90B | $3.73B | $3.95B | $3.75B | $3.17B | $3.22B | $2.85B | $2.60B | $3.72B | $3.24B | $3.21B | $3.25B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.54% | 1.02% | 0.95% | - | 1.06% | 0.98% | 1.14% | - | 1.19% | 1.14% | 1.22% | - | 1.08% | 0.99% | 1.00% |
Royal Bank of Canada's average Quarter net income forecast for May 23 is $5.80B, with a range of $4.64B to $6.96B. RY's average Quarter net income forecast represents a 80.59% increase compared to the company's last Quarter net income of $3.21B (Jan 23).
Royal Bank of Canada SG&A Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 5 | 4 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.42B | $4.50B | $4.71B | - | $5.28B | $3.99B | $4.11B | - | $4.29B | $3.59B | $4.03B | - | $4.06B | $3.72B | $3.62B |
| Avg Forecast | $6.66B | $6.64B | $6.42B | $6.46B | $6.31B | $6.29B | $6.12B | $6.18B | $6.03B | $5.93B | $6.70B | $5.51B | $5.35B | $5.33B | $6.07B | $6.11B | $4.85B | $4.73B | $5.10B | $4.73B | $4.69B | $4.60B | $4.42B | $4.61B | $4.57B | $4.60B | $5.39B | $4.60B | $4.66B | $4.50B |
| High Forecast | $6.67B | $6.65B | $6.43B | $6.48B | $6.33B | $6.31B | $6.13B | $6.19B | $6.04B | $5.94B | $8.04B | $5.52B | $5.36B | $5.34B | $7.29B | $7.33B | $4.92B | $4.74B | $6.12B | $4.74B | $4.70B | $4.61B | $5.30B | $4.62B | $4.58B | $4.61B | $6.47B | $4.61B | $4.67B | $4.51B |
| Low Forecast | $6.64B | $6.62B | $6.40B | $6.44B | $6.29B | $6.27B | $6.10B | $6.16B | $6.01B | $5.92B | $5.36B | $5.50B | $5.34B | $5.31B | $4.86B | $4.89B | $4.78B | $4.72B | $4.08B | $4.72B | $4.68B | $4.59B | $3.53B | $4.60B | $4.56B | $4.58B | $4.31B | $4.59B | $4.65B | $4.49B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.93% | 1.00% | - | 1.12% | 0.85% | 0.89% | - | 0.93% | 0.79% | 0.88% | - | 0.88% | 0.80% | 0.80% |
Royal Bank of Canada's average Quarter SG&A projection for May 23 is $6.07B, based on 1 Wall Street analysts, with a range of $4.86B to $7.29B. The forecast indicates a -5.42% fall compared to RY last annual SG&A of $6.42B (Jan 23).
Royal Bank of Canada EPS Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 8 | 5 | 4 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.29 | $2.78 | $2.52 | - | $2.88 | $2.73 | $2.97 | - | $2.66 | $2.23 | $2.20 | - | $2.41 | $2.19 | $2.23 |
| Avg Forecast | $3.54 | $3.56 | $3.39 | $3.39 | $3.17 | $3.21 | $3.11 | $3.16 | $3.00 | $2.97 | $2.73 | $2.79 | $2.59 | $2.70 | $2.80 | $2.97 | $2.68 | $2.67 | $2.67 | $2.73 | $2.80 | $2.66 | $2.51 | $2.28 | $2.02 | $1.84 | $1.65 | $2.30 | $2.28 | $2.30 |
| High Forecast | $3.55 | $3.57 | $3.40 | $3.40 | $3.17 | $3.22 | $3.12 | $3.19 | $3.10 | $2.98 | $2.75 | $2.80 | $2.68 | $2.71 | $2.81 | $2.98 | $2.73 | $2.68 | $2.68 | $2.83 | $2.81 | $2.67 | $2.51 | $2.29 | $2.02 | $1.85 | $1.66 | $2.30 | $2.28 | $2.31 |
| Low Forecast | $3.53 | $3.55 | $3.38 | $3.38 | $3.15 | $3.20 | $3.10 | $3.11 | $2.90 | $2.97 | $2.71 | $2.79 | $2.54 | $2.69 | $2.79 | $2.96 | $2.63 | $2.66 | $2.66 | $2.64 | $2.79 | $2.65 | $2.50 | $2.27 | $2.01 | $1.84 | $1.65 | $2.29 | $2.27 | $2.30 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 1.04% | 0.94% | - | 1.05% | 0.97% | 1.12% | - | 1.17% | 1.11% | 1.19% | - | 1.05% | 0.96% | 0.97% |
According to 1 Wall Street analysts, Royal Bank of Canada's projected average Quarter EPS for May 23 is $2.80, with a low estimate of $2.79 and a high estimate of $2.81. This represents a 22.35% increase compared to RY previous annual EPS of $2.29 (Jan 23).
Royal Bank of Canada Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TD | Toronto-Dominion Bank | $52.55 | $89.52 | 70.35% | Buy |
| CM | Canadian Imperial Bank of Commerce | $65.76 | $106.62 | 62.14% | Buy |
| RY | Royal Bank of Canada | $123.70 | $193.00 | 56.02% | Buy |
| BNS | Bank of Nova Scotia | $54.74 | $71.00 | 29.70% | Hold |
| BMO | Bank of Montreal | $98.15 | $120.95 | 23.23% | Hold |
| BAC | Bank of America | $45.05 | $55.00 | 22.09% | Buy |
| C | Citigroup | $71.12 | $76.00 | 6.86% | Buy |
| WFC | Wells Fargo & Company | $70.81 | $67.15 | -5.17% | Buy |
| JPM | JPMorgan Chase | $238.36 | $225.42 | -5.43% | Buy |