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 $107.81 (represents a -12.77% downside from RY’s last price of $123.59) 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 $107.81 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $120.00 to $94.00. This represents a potential -12.77% downside from RY's last price of $123.59.
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 |
|---|---|---|---|---|---|---|
| Jun 06, 2024 | Stephen Biggar | Argus Research | $120.00 | $107.11 | 12.03% | -2.90% |
| Jun 06, 2022 | - | Argus Research | $125.00 | $105.28 | 18.73% | 1.14% |
| Aug 27, 2021 | Douglas Young | Desjardins | $112.20 | $102.97 | 8.96% | -9.22% |
| May 19, 2021 | Ebrahim Poonawala | Bank of America Securities | $105.04 | $98.81 | 6.30% | -15.01% |
| Apr 23, 2021 | Pauline Bell | CFRA | $94.00 | $91.14 | 3.14% | -23.94% |
The latest Royal Bank of Canada stock forecast, released on Jun 06, 2024 by Stephen Biggar from Argus Research, set a price target of $120.00, which represents a 12.03% increase from the stock price at the time of the forecast ($107.11), and a -2.90% decrease from RY last price ($123.59).
Royal Bank of Canada Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $120.00 |
| Last Closing Price | $123.59 | $123.59 | $123.59 |
| Upside/Downside | -100.00% | -100.00% | -2.90% |
In the current month, the average price target of Royal Bank of Canada stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Royal Bank of Canada's last price of $123.59. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
Royal Bank of Canada's last stock rating was published by TD Securities on Aug 29, 2024. The company gave RY a "Buy" 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 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $15.06B | $12.54B | $850.00M | $11.11B | $13.04B | $11.31B | $11.40B | $11.42B | $11.51B | $10.61B | $11.12B | $10.49B | $11.20B | $10.53B | $10.48B |
| Avg Forecast | $16.95B | $16.50B | $15.91B | $16.14B | $15.57B | $15.56B | $15.14B | $15.42B | $15.02B | $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 | $16.98B | $16.53B | $15.94B | $16.17B | $15.60B | $15.59B | $15.17B | $15.45B | $15.05B | $14.50B | $13.55B | $13.47B | $13.08B | $13.02B | $13.04B | $13.43B | $12.11B | $12.05B | $11.93B | $12.04B | $11.94B | $11.71B | $11.39B | $11.74B | $11.63B | $11.70B | $11.51B | $11.71B | $11.87B | $11.46B |
| Low Forecast | $16.92B | $16.47B | $15.88B | $16.11B | $15.54B | $15.53B | $15.11B | $15.39B | $14.99B | $14.45B | $13.50B | $13.42B | $13.03B | $12.97B | $12.99B | $13.38B | $12.06B | $11.54B | $11.54B | $11.54B | $11.45B | $11.22B | $10.92B | $11.26B | $11.15B | $11.22B | $11.03B | $11.22B | $11.38B | $10.98B |
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 7 | 11 | 11 | 7 | 12 | 7 | 6 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.04% | 0.07% | 0.95% | 1.11% | 0.97% | 0.99% | 1.02% | 1.00% | 0.93% | 0.97% | 0.93% | 0.98% | 0.91% | 0.93% |
Royal Bank of Canada's average Quarter revenue forecast for May 23 based on 0 analysts is $13.02B, with a low forecast of $12.99B, 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 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 7 | 11 | 11 | 7 | 12 | 7 | 6 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $19.17B | $14.16B | $10.06B | $8.44B | $8.14B | $7.60B | $8.17B | $7.87B | $7.72B | $7.31B | $7.54B | $6.14B | $10.08B | $9.93B | $10.10B |
| Avg Forecast | $8.10B | $7.88B | $7.60B | $7.71B | $7.44B | $7.44B | $7.23B | $7.37B | $7.18B | $6.92B | $12.73B | $6.42B | $6.24B | $6.21B | $11.54B | $6.40B | $10.72B | $5.64B | $5.61B | $10.04B | $9.01B | $8.42B | $7.95B | $8.33B | $7.71B | $11.20B | $5.39B | $5.48B | $5.55B | $5.36B |
| High Forecast | $8.11B | $7.90B | $7.62B | $7.73B | $7.45B | $7.45B | $7.25B | $7.38B | $7.19B | $6.93B | $15.28B | $6.44B | $6.25B | $6.22B | $13.84B | $6.42B | $12.87B | $5.76B | $5.70B | $12.04B | $10.81B | $10.11B | $9.54B | $10.00B | $9.25B | $13.44B | $5.50B | $5.59B | $5.67B | $5.47B |
| Low Forecast | $8.08B | $7.87B | $7.59B | $7.70B | $7.43B | $7.42B | $7.22B | $7.35B | $7.16B | $6.90B | $10.19B | $6.41B | $6.23B | $6.20B | $9.23B | $6.39B | $8.58B | $5.51B | $5.51B | $8.03B | $7.21B | $6.74B | $6.36B | $6.67B | $6.17B | $8.96B | $5.27B | $5.36B | $5.44B | $5.25B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.99% | 1.32% | 1.78% | 1.51% | 0.81% | 0.84% | 0.97% | 0.99% | 0.93% | 0.95% | 0.67% | 1.14% | 1.84% | 1.79% | 1.88% |
0 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 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 7 | 11 | 11 | 7 | 12 | 7 | 6 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.21B | $3.88B | $3.58B | $4.25B | $4.09B | $3.89B | $4.29B | $4.01B | $3.85B | $3.25B | $3.20B | $1.48B | $3.50B | $3.20B | $3.26B |
| Avg Forecast | $5.23B | $5.20B | $4.96B | $5.08B | $4.68B | $4.69B | $4.48B | $4.60B | $4.32B | $4.21B | $6.40B | $3.96B | $3.67B | $3.83B | $5.80B | $4.21B | $5.63B | $3.77B | $3.76B | $5.13B | $4.73B | $4.30B | $3.96B | $3.70B | $3.27B | $2.70B | $4.65B | $4.39B | $4.44B | $4.19B |
| High Forecast | $5.24B | $5.21B | $4.97B | $5.09B | $4.70B | $4.70B | $4.49B | $4.66B | $4.58B | $4.22B | $7.68B | $3.97B | $3.79B | $3.84B | $6.96B | $4.22B | $6.76B | $3.88B | $3.84B | $6.16B | $5.68B | $5.16B | $4.75B | $4.44B | $3.92B | $3.25B | $5.58B | $5.27B | $5.32B | $5.03B |
| Low Forecast | $5.22B | $5.19B | $4.95B | $5.07B | $4.67B | $4.68B | $4.47B | $4.50B | $4.10B | $4.20B | $5.12B | $3.95B | $3.60B | $3.82B | $4.64B | $4.20B | $4.51B | $3.67B | $3.67B | $4.11B | $3.79B | $3.44B | $3.17B | $2.96B | $2.61B | $2.16B | $3.72B | $3.52B | $3.55B | $3.35B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 0.69% | 0.95% | 1.13% | 0.80% | 0.82% | 1.00% | 1.01% | 1.04% | 0.99% | 1.18% | 0.32% | 0.80% | 0.72% | 0.78% |
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 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 7 | 11 | 11 | 7 | 12 | 7 | 6 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.42B | $4.50B | $4.71B | $3.82B | $5.28B | $3.99B | $4.11B | $4.15B | $4.29B | $3.59B | $4.03B | $3.57B | $4.06B | $3.72B | $3.62B |
| Avg Forecast | $6.80B | $6.62B | $6.38B | $6.47B | $6.25B | $6.24B | $6.07B | $6.18B | $6.02B | $5.81B | $6.70B | $5.39B | $5.24B | $5.21B | $6.07B | $5.38B | $5.40B | $4.73B | $4.71B | $5.27B | $4.53B | $4.45B | $4.42B | $4.09B | $4.12B | $6.51B | $5.39B | $5.11B | $4.91B | $4.71B |
| High Forecast | $6.81B | $6.63B | $6.39B | $6.49B | $6.26B | $6.25B | $6.08B | $6.20B | $6.04B | $5.82B | $8.04B | $5.40B | $5.25B | $5.22B | $7.29B | $5.39B | $6.47B | $4.83B | $4.78B | $6.32B | $5.44B | $5.34B | $5.30B | $4.91B | $4.94B | $7.82B | $6.47B | $6.13B | $5.90B | $5.65B |
| Low Forecast | $6.78B | $6.60B | $6.37B | $6.46B | $6.23B | $6.23B | $6.06B | $6.17B | $6.01B | $5.79B | $5.36B | $5.38B | $5.23B | $5.20B | $4.86B | $5.37B | $4.32B | $4.63B | $4.63B | $4.21B | $3.63B | $3.56B | $3.53B | $3.27B | $3.30B | $5.21B | $4.31B | $4.09B | $3.93B | $3.77B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 0.83% | 1.00% | 0.81% | 1.00% | 0.88% | 0.92% | 0.94% | 1.05% | 0.87% | 0.62% | 0.66% | 0.80% | 0.76% | 0.77% |
Royal Bank of Canada's average Quarter SG&A projection for May 23 is $6.07B, based on 0 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 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | - | - | 1 | - | - | - | - | - | - | - | - | - | 7 | 11 | 11 | 7 | 12 | 7 | 6 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.29 | $2.78 | $2.52 | $2.97 | $2.88 | $2.73 | $2.97 | $2.76 | $2.66 | $2.23 | $2.20 | $1.00 | $2.41 | $2.19 | $2.23 |
| Avg Forecast | $3.69 | $3.67 | $3.50 | $3.59 | $3.31 | $3.31 | $3.16 | $3.25 | $3.05 | $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 | $3.70 | $3.68 | $3.51 | $3.60 | $3.32 | $3.32 | $3.17 | $3.29 | $3.23 | $2.98 | $2.74 | $2.80 | $2.68 | $2.71 | $2.81 | $2.98 | $2.68 | $2.74 | $2.72 | $2.81 | $2.88 | $2.73 | $2.58 | $2.34 | $2.07 | $1.90 | $1.70 | $2.36 | $2.34 | $2.37 |
| Low Forecast | $3.68 | $3.66 | $3.49 | $3.58 | $3.30 | $3.30 | $3.16 | $3.18 | $2.90 | $2.97 | $2.72 | $2.79 | $2.54 | $2.70 | $2.79 | $2.96 | $2.67 | $2.59 | $2.61 | $2.66 | $2.72 | $2.59 | $2.44 | $2.22 | $1.96 | $1.79 | $1.61 | $2.23 | $2.21 | $2.24 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 1.04% | 0.94% | 1.11% | 1.05% | 0.97% | 1.12% | 1.10% | 1.17% | 1.11% | 1.19% | 0.61% | 1.05% | 0.96% | 0.97% |
According to 0 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 |
|---|---|---|---|---|---|
| CM | Canadian Imperial Bank of Commerce | $61.45 | $106.62 | 73.51% | Buy |
| TD | Toronto-Dominion Bank | $62.20 | $89.52 | 43.92% | Buy |
| BMO | Bank of Montreal | $85.56 | $120.95 | 41.36% | Hold |
| BNS | Bank of Nova Scotia | $52.04 | $71.53 | 37.45% | Hold |
| BAC | Bank of America | $38.65 | $48.25 | 24.84% | Buy |
| C | Citigroup | $57.67 | $69.92 | 21.24% | Buy |
| WFC | Wells Fargo & Company | $52.78 | $58.89 | 11.58% | Buy |
| JPM | JPMorgan Chase | $204.32 | $199.22 | -2.50% | Buy |
| RY | Royal Bank of Canada | $123.59 | $107.81 | -12.77% | Buy |
RY Forecast FAQ
Is Royal Bank of Canada a good buy?
Yes, according to 12 Wall Street analysts, Royal Bank of Canada (RY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 83.33% of RY's total ratings.
What is RY's price target?
Royal Bank of Canada (RY) average price target is $107.81 with a range of $94 to $120, implying a -12.77% from its last price of $123.59. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Royal Bank of Canada stock go up soon?
According to Wall Street analysts' prediction for RY stock, the company can go down by -12.77% (from the last price of $123.59 to the average price target of $107.81), down by -2.90% based on the highest stock price target, and down by -23.94% based on the lowest stock price target.
Can Royal Bank of Canada stock reach $200?
RY's average twelve months analyst stock price target of $107.81 does not support the claim that Royal Bank of Canada can reach $200 in the near future.
What are Royal Bank of Canada's analysts' financial forecasts?
Royal Bank of Canada's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $61.7B (high $61.82B, low $61.58B), average EBITDA is $29.48B (high $29.54B, low $29.42B), average net income is $18.45B (high $18.55B, low $18.32B), average SG&A $24.75B (high $24.79B, low $24.7B), and average EPS is $13.03 (high $13.1, low $12.94). RY's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $65.5B (high $65.62B, low $65.37B), average EBITDA is $31.29B (high $31.35B, low $31.23B), average net income is $20.47B (high $20.52B, low $20.42B), average SG&A $26.27B (high $26.32B, low $26.22B), and average EPS is $14.46 (high $14.49, low $14.42).
Did the RY's actual financial results beat the analysts' financial forecasts?
Based on Royal Bank of Canada's last annual report (Oct 2022), the company's revenue was $48.78B, beating the average analysts forecast of $47.4B by 2.90%. Apple's EBITDA was $40.8B, beating the average prediction of $32B by 27.50%. The company's net income was $15.79B, missing the average estimation of $18.29B by -13.67%. Apple's SG&A was $18.31B, missing the average forecast of $20.1B by -8.90%. Lastly, the company's EPS was $11.08, beating the average prediction of $10.74 by 3.12%. In terms of the last quarterly report (Jan 2023), Royal Bank of Canada's revenue was $15.06B, beating the average analysts' forecast of $13.4B by 12.39%. The company's EBITDA was $19.17B, beating the average prediction of $6.4B by 199.30%. Royal Bank of Canada's net income was $3.21B, missing the average estimation of $4.21B by -23.63%. The company's SG&A was $6.42B, beating the average forecast of $5.38B by 19.43%. Lastly, the company's EPS was $2.29, missing the average prediction of $2.97 by -22.89%