Thomson Reuters (TRI) Stock Forecast, Price Target & Predictions


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TRI Stock Forecast


Thomson Reuters stock forecast is as follows: an average price target of $148.10 (represents a -11.86% downside from TRI’s last price of $168.02) and a rating consensus of 'Hold', based on 13 wall street analysts offering a 1-year stock forecast.

TRI Price Target


The average price target for Thomson Reuters (TRI) is $148.10 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $182.00 to $115.11. This represents a potential -11.86% downside from TRI's last price of $168.02.

TRI Analyst Ratings


Hold

According to 13 Wall Street analysts, Thomson Reuters's rating consensus is 'Hold'. The analyst rating breakdown for TRI stock is 0 'Strong Buy' (0.00%), 6 'Buy' (46.15%), 7 'Hold' (53.85%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Thomson Reuters Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 27, 2024Maher YaghiScotiabank$182.00$167.188.86%8.32%
Aug 02, 2024Drew McReynoldsRBC Capital$168.00$158.875.75%-0.01%
May 03, 2024Aravinda GalappatthigeCanaccord Genuity$156.00$162.96-4.27%-7.15%
Mar 13, 2024Manav PatnaikBarclays$180.00$156.4015.09%7.13%
Jan 10, 2023-Goldman Sachs$127.55$119.936.36%-24.09%
Jan 04, 2023-Morgan Stanley$115.11$122.20-5.80%-31.49%
Dec 19, 2022-Scotiabank$130.66$115.9012.74%-22.23%
Sep 27, 2022-Morgan Stanley$116.14$108.427.13%-30.87%
Aug 05, 2022-Canaccord Genuity$126.51$116.758.37%-24.70%
Jul 01, 2022-Barclays$119.25$108.0710.35%-29.02%
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The latest Thomson Reuters stock forecast, released on Aug 27, 2024 by Maher Yaghi from Scotiabank, set a price target of $182.00, which represents a 8.86% increase from the stock price at the time of the forecast ($167.18), and a 8.32% increase from TRI last price ($168.02).

Thomson Reuters Price Target by Period


1M3M12M
# Anlaysts124
Avg Price Target$182.00$175.00$171.50
Last Closing Price$168.02$168.02$168.02
Upside/Downside8.32%4.15%2.07%

In the current month, the average price target of Thomson Reuters stock is $182.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.32% increase as opposed to Thomson Reuters's last price of $168.02. This month's average price target is up 4.00% compared to last quarter, and up 6.12% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 08, 2024National BankSector PerformOutperformUpgrade
Aug 27, 2024ScotiabankSector PerformOutperformUpgrade
Aug 02, 2024RBC CapitalSector PerformSector PerformHold
May 03, 2024National BankSector PerformSector PerformHold
May 03, 2024CIBCNeutralNeutralHold
May 03, 2024ScotiabankSector PerformSector PerformHold
May 03, 2024UBSBuyBuyHold
May 03, 2024Canaccord GenuityHoldHoldHold
Apr 22, 2024National Bank-Sector PerformUpgrade
Mar 13, 2024BarclaysEqual-WeightOverweightUpgrade
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Thomson Reuters's last stock rating was published by National Bank on Sep 08, 2024. The company Upgrade its TRI rating from "Sector Perform" to "Outperform".

Thomson Reuters Financial Forecast


Thomson Reuters Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue---------------$1.74B$1.76B$1.57B$1.61B$1.67B$1.71B$1.53B$1.53B$1.58B$1.62B$1.44B$1.41B$1.52B$1.58B$1.41B
Avg Forecast$2.23B$1.99B$2.03B$2.18B$2.07B$1.83B$1.88B$2.03B$1.95B$1.73B$1.76B$1.86B$1.87B$1.60B$1.66B$1.74B$1.74B$1.55B$1.61B$1.69B$1.66B$1.48B$1.49B$1.55B$1.62B$1.43B$1.44B$1.48B$1.62B$1.43B
High Forecast$2.25B$2.00B$2.04B$2.20B$2.08B$1.84B$1.90B$2.05B$1.97B$1.74B$1.77B$1.87B$1.89B$1.62B$1.67B$1.75B$1.76B$1.56B$1.61B$1.72B$1.69B$1.50B$1.52B$1.58B$1.64B$1.45B$1.46B$1.50B$1.65B$1.45B
Low Forecast$2.21B$1.96B$2.00B$2.15B$2.04B$1.81B$1.86B$2.01B$1.93B$1.71B$1.73B$1.84B$1.85B$1.58B$1.63B$1.71B$1.72B$1.53B$1.61B$1.68B$1.64B$1.46B$1.48B$1.54B$1.60B$1.41B$1.43B$1.47B$1.61B$1.42B
# Analysts3333444436313964375348571110101166
Surprise %---------------1.00%1.01%1.02%1.00%0.99%1.03%1.03%1.03%1.02%1.00%1.01%0.98%1.03%0.98%0.99%

Thomson Reuters's average Quarter revenue forecast for Jun 23 based on 6 analysts is $1.66B, with a low forecast of $1.63B, and a high forecast of $1.67B. TRI's average Quarter revenue forecast represents a -4.75% decrease compared to the company's last Quarter revenue of $1.74B (Mar 23).

Thomson Reuters EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3333444436313964375348571110101166
EBITDA---------------$591.00M$397.00M$1.02B$895.00M$601.00M$-39.00M$-167.00M$1.60B$6.87B$962.00M$370.00M$385.00M$468.00M$347.00M$175.00M
Avg Forecast$864.76M$769.97M$784.15M$844.87M$800.23M$708.08M$729.01M$786.81M$755.31M$669.63M$680.34M$719.87M$725.89M$620.58M$641.02M$672.52M$675.59M$-150.73M$622.44M$655.02M$-46.87M$-137.03M$1.46B$600.70M$794.70M$360.26M$236.63M$439.80M$1.27B$57.32M
High Forecast$871.60M$776.06M$790.36M$851.55M$806.57M$713.68M$734.78M$793.03M$761.29M$673.53M$685.72M$725.57M$733.78M$625.45M$646.09M$677.84M$680.94M$-120.58M$622.44M$665.33M$-37.50M$-109.62M$1.75B$610.15M$953.63M$432.32M$283.96M$527.76M$1.52B$68.78M
Low Forecast$853.94M$760.33M$774.34M$834.29M$790.22M$699.22M$719.89M$776.96M$745.86M$661.26M$671.83M$710.86M$718.00M$610.38M$633.00M$664.10M$667.14M$-180.87M$622.44M$649.01M$-56.24M$-164.43M$1.16B$595.19M$635.76M$288.21M$189.31M$351.84M$1.01B$45.85M
Surprise %---------------0.88%0.59%-6.79%1.44%0.92%0.83%1.22%1.10%11.44%1.21%1.03%1.63%1.06%0.27%3.05%

6 analysts predict TRI's average Quarter EBITDA for Jun 23 to be $641.02M, with a high of $646.09M and a low of $633.00M. This is 8.46% upper than Thomson Reuters's previous annual EBITDA (Mar 23) of $591.00M.

Thomson Reuters Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3333444436313964375348571110101166
Net Income---------------$167.00M$123.00M$790.00M$754.00M$220.00M$300.00M$431.00M$-20.00M$-1.26B$562.00M$418.00M$284.00M$193.00M$1.32B$232.00M
Avg Forecast$563.88M$487.66M$506.84M$517.37M$513.78M$415.29M$438.84M$534.81M$464.79M$351.92M$372.30M$5.49B$419.92M$318.26M$341.66M$4.34B$291.93M$-216.62M$240.35M$3.43B$-186.41M$-196.92M$970.91M$3.12B$464.26M$234.66M$106.11M$196.94M$1.16B$-28.02M
High Forecast$569.69M$492.67M$512.06M$522.69M$519.07M$419.56M$443.35M$540.31M$469.57M$392.53M$376.13M$6.59B$429.04M$398.95M$345.18M$5.21B$294.93M$-173.29M$240.35M$4.12B$-149.13M$-157.54M$1.17B$3.74B$557.11M$281.59M$127.33M$236.33M$1.40B$-22.42M
Low Forecast$554.71M$479.72M$498.60M$508.96M$505.43M$408.53M$431.70M$526.11M$457.22M$329.36M$366.25M$4.39B$401.66M$300.33M$336.10M$3.47B$287.18M$-259.94M$240.35M$2.74B$-223.70M$-236.31M$776.73M$2.49B$371.41M$187.73M$84.88M$157.55M$930.81M$-33.63M
Surprise %---------------0.04%0.42%-3.65%3.14%0.06%-1.61%-2.19%-0.02%-0.41%1.21%1.78%2.68%0.98%1.14%-8.28%

Thomson Reuters's average Quarter net income forecast for Jun 23 is $341.66M, with a range of $336.10M to $345.18M. TRI's average Quarter net income forecast represents a 104.59% increase compared to the company's last Quarter net income of $167.00M (Mar 23).

Thomson Reuters SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3333444436313964375348571110101166
SG&A-------------------$414.00M-$1.06B$355.00M$1.02B$545.00M$281.00M$929.00M$361.00M$280.00M$419.00M
Avg Forecast$871.09M$775.60M$789.89M$851.05M$806.09M$713.26M$734.35M$792.56M$760.84M$674.54M$685.32M$1.11B$731.20M$625.12M$645.71M$876.91M$680.53M$956.72M$627.00M$693.21M$647.57M$869.74M$322.73M$630.19M$450.22M$273.61M$782.32M$368.37M$246.06M$266.84M
High Forecast$877.98M$781.74M$796.14M$857.78M$812.47M$718.90M$740.16M$798.84M$766.86M$678.46M$690.74M$1.33B$739.15M$630.03M$650.82M$1.05B$685.92M$1.15B$627.00M$831.85M$657.76M$1.04B$387.27M$756.23M$540.26M$328.33M$938.78M$442.04M$295.27M$320.20M
Low Forecast$860.19M$765.90M$780.01M$840.40M$796.00M$704.33M$725.16M$782.65M$751.32M$666.09M$676.74M$887.43M$723.25M$614.85M$637.63M$701.53M$672.02M$765.37M$627.00M$554.57M$641.63M$695.79M$258.18M$504.15M$360.17M$218.88M$625.85M$294.69M$196.85M$213.47M
Surprise %-------------------0.60%-1.22%1.10%1.62%1.21%1.03%1.19%0.98%1.14%1.57%

Thomson Reuters's average Quarter SG&A projection for Jun 22 is $627.00M, based on 5 Wall Street analysts, with a range of $627.00M to $627.00M. The forecast indicates a 51.45% rise compared to TRI last annual SG&A of $414.00M (Mar 22).

Thomson Reuters EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3333444436313964375348571110101166
EPS---------------$0.35$0.26$1.64$1.55$0.45$0.62$0.83$2.15$-2.55$1.13$0.84$0.57$0.39$2.65$0.46
Avg Forecast$1.25$1.08$1.12$1.15$1.14$0.92$0.97$1.19$1.03$0.78$0.83$0.95$0.93$0.71$0.76$0.79$0.65$0.49$0.53$0.62$0.45$0.38$0.43$0.42$0.46$0.38$0.39$0.48$0.34$0.20
High Forecast$1.26$1.09$1.14$1.16$1.15$0.93$0.98$1.20$1.04$0.87$0.83$0.96$0.95$0.88$0.77$0.80$0.65$0.49$0.53$0.64$0.46$0.39$0.44$0.43$0.47$0.38$0.39$0.49$0.34$0.20
Low Forecast$1.23$1.06$1.11$1.13$1.12$0.91$0.96$1.17$1.01$0.73$0.81$0.94$0.89$0.67$0.75$0.78$0.64$0.48$0.53$0.62$0.45$0.37$0.42$0.42$0.46$0.37$0.38$0.47$0.33$0.19
Surprise %---------------0.44%0.40%3.37%2.92%0.72%1.37%2.19%5.01%-6.06%2.44%2.23%1.47%0.81%7.86%2.36%

According to 6 Wall Street analysts, Thomson Reuters's projected average Quarter EPS for Jun 23 is $0.76, with a low estimate of $0.75 and a high estimate of $0.77. This represents a 116.49% increase compared to TRI previous annual EPS of $0.35 (Mar 23).

Thomson Reuters Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CTASCintas$203.77$563.19176.39%Buy
PFMTPerformant Financial$3.83$8.00108.88%Buy
GPNGlobal Payments$112.07$160.1442.89%Buy
MMSMaximus$88.28$110.0024.60%-
AZZAZZ$80.13$87.178.79%Buy
FAFirst Advantage$19.50$21.007.69%Hold
CASSCass Information Systems$41.93$44.004.94%Buy
ARMKAramark$38.60$39.452.20%Buy
ABMABM Industries$50.96$47.00-7.77%Buy
TRIThomson Reuters$168.02$148.10-11.86%Hold
CPRTCopart$50.72$35.50-30.01%Buy
RELXRELX$47.76$26.00-45.56%Hold

TRI Forecast FAQ


No, according to 13 Wall Street analysts, Thomson Reuters (TRI) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 46.15% of TRI's total ratings.

Thomson Reuters (TRI) average price target is $148.1 with a range of $115.11 to $182, implying a -11.86% from its last price of $168.02. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for TRI stock, the company can go down by -11.86% (from the last price of $168.02 to the average price target of $148.1), up by 8.32% based on the highest stock price target, and down by -31.49% based on the lowest stock price target.

TRI's average twelve months analyst stock price target of $148.1 does not support the claim that Thomson Reuters can reach $300 in the near future.

1 Wall Street analyst forecast a $182 price target for Thomson Reuters (TRI) this month, up 8.32% from its last price of $168.02. Compared to the last 3 and 12 months, the average price target increased by 4.15% and increased by 2.07%, respectively.

Thomson Reuters's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.81B (high $7.87B, low $7.71B), average EBITDA is $3.02B (high $3.05B, low $2.99B), average net income is $1.9B (high $1.92B, low $1.87B), average SG&A $3.05B (high $3.07B, low $3.01B), and average EPS is $4.22 (high $4.26, low $4.15). TRI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.43B (high $8.5B, low $8.32B), average EBITDA is $3.26B (high $3.29B, low $3.22B), average net income is $2.08B (high $2.1B, low $2.04B), average SG&A $3.29B (high $3.31B, low $3.25B), and average EPS is $4.6 (high $4.65, low $4.53).

Based on Thomson Reuters's last annual report (Dec 2022), the company's revenue was $6.63B, beating the average analysts forecast of $6.59B by 0.52%. Apple's EBITDA was $3B, beating the average prediction of $1.8B by 66.56%. The company's net income was $1.89B, missing the average estimation of $3.74B by -49.61%. Apple's SG&A was $1.62B, missing the average forecast of $2.96B by -45.16%. Lastly, the company's EPS was $3.9, beating the average prediction of $2.29 by 70.34%. In terms of the last quarterly report (Mar 2023), Thomson Reuters's revenue was $1.74B, beating the average analysts' forecast of $1.74B by 0.07%. The company's EBITDA was $591M, missing the average prediction of $672.52M by -12.12%. Thomson Reuters's net income was $167M, missing the average estimation of $4.34B by -96.15%. The company's SG&A was $0, missing the average forecast of $876.91M by -100.00%. Lastly, the company's EPS was $0.35, missing the average prediction of $0.793 by -55.86%