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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 $175.00 (represents a 7.26% upside from TRI’s last price of $163.15) 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 $175.00 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 $168.00. This represents a potential 7.26% upside from TRI's last price of $163.15.

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%11.55%
Aug 02, 2024Drew McReynoldsRBC Capital$168.00$158.875.75%2.97%
May 03, 2024Aravinda GalappatthigeCanaccord Genuity$156.00$162.96-4.27%-4.38%
Mar 13, 2024Manav PatnaikBarclays$180.00$156.4015.09%10.33%
Jan 10, 2023Goldman Sachs$127.55$119.936.36%-21.82%
Jan 04, 2023Morgan Stanley$115.11$122.20-5.80%-29.45%
Dec 19, 2022Scotiabank$130.66$115.9012.74%-19.91%
Sep 27, 2022Morgan Stanley$116.14$108.427.13%-28.81%
Aug 05, 2022Canaccord Genuity$126.51$116.758.37%-22.46%
Jul 01, 2022Barclays$119.25$108.0710.35%-26.90%
Jun 14, 2022Scott FletcherCIBC$119.25$99.8819.39%-26.90%
May 04, 2022Morgan Stanley$107.85$98.988.96%-33.90%
Mar 14, 2022Heather BalskyBank of America Securities$136.88$106.3228.74%-16.10%
Sep 17, 2021Manav PatnaikBarclays$129.63$120.657.43%-20.55%
Aug 06, 2021George TongGoldman Sachs$117.18$114.971.92%-28.18%

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 11.55% increase from TRI last price ($163.15).

Thomson Reuters Price Target by Period

1M3M12M
# Anlaysts--4
Avg Price Target--$171.50
Last Closing Price$163.15$163.15$163.15
Upside/Downside-100.00%-100.00%5.12%

In the current month, the average price target of Thomson Reuters stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Thomson Reuters's last price of $163.15. 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

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 BankSector PerformUpgrade
Mar 13, 2024BarclaysEqual-WeightOverweightUpgrade
Feb 09, 2024RBC CapitalSector PerformSector PerformHold
Aug 03, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Aug 03, 2023TD SecuritiesHoldHoldHold
Aug 03, 2023RBC CapitalSector PerformDowngrade
Jun 28, 2023Goldman SachsNeutralNeutralHold
Jun 01, 2023Exane BNP ParibasUnderperformNeutralUpgrade
May 03, 2023Canaccord GenuityBuyHoldDowngrade
Feb 10, 2023Cantor FitzgeraldOverweightInitialise
Feb 10, 2023ScotiabankSector OutperformUpgrade
Jan 10, 2023Goldman SachsNeutralNeutralHold
Jan 04, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Dec 02, 2022BarclaysEqual-WeightEqual-WeightHold
Dec 01, 2022Exane BNP ParibasUnderperformDowngrade
Sep 27, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 05, 2022Canaccord GenuityBuyBuyHold
Jul 01, 2022BarclaysEqual-WeightEqual-WeightHold
Jun 14, 2022CIBCOutperformUpgrade
Apr 26, 2022Canaccord GenuityBuyUpgrade
Aug 07, 2021BMO CapitalOutperformOutperformHold

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$2.10B$1.90B$1.92B$2.06B$1.93B$1.72B$1.75B$1.87B$1.84B$1.74B$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$2.14B$1.93B$1.95B$2.10B$1.97B$1.76B$1.78B$1.88B$1.85B$1.77B$1.79B$1.89B$1.89B$1.62B$1.69B$1.77B$1.78B$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
Low Forecast$2.08B$1.88B$1.90B$2.04B$1.91B$1.71B$1.73B$1.85B$1.82B$1.72B$1.74B$1.84B$1.85B$1.58B$1.64B$1.72B$1.73B$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
# Analysts222211147311396437434744477986
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 $1.64B, and a high forecast of $1.69B. 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
# Analysts222211147311396437434744477986
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$836.49M$753.67M$761.35M$819.01M$768.37M$685.23M$694.49M$744.69M$732.76M$692.45M$698.31M$738.88M$745.06M$636.96M$657.95M$690.28M$-59.29M$599.82M$622.44M$655.02M$642.86M$572.02M$577.92M$600.70M$626.28M$552.10M$557.12M$439.80M$627.39M$553.79M
High Forecast$852.11M$767.74M$775.56M$834.30M$782.72M$698.02M$707.46M$748.57M$736.62M$705.38M$711.34M$752.67M$753.16M$641.97M$670.23M$703.16M$-47.43M$599.82M$622.44M$655.02M$642.86M$572.02M$577.92M$600.70M$626.28M$552.10M$557.12M$527.76M$627.39M$553.79M
Low Forecast$827.72M$745.76M$753.36M$810.42M$760.31M$678.04M$687.21M$736.88M$725.07M$685.19M$690.98M$731.13M$736.96M$626.50M$651.04M$683.03M$-71.15M$599.82M$622.44M$655.02M$642.86M$572.02M$577.92M$600.70M$626.28M$552.10M$557.12M$351.84M$627.39M$553.79M
Surprise %---------------0.86%-6.70%1.71%1.44%0.92%-0.06%-0.29%2.77%11.44%1.54%0.67%0.69%1.06%0.55%0.32%

6 analysts predict TRI's average Quarter EBITDA for Jun 23 to be $657.95M, with a high of $670.23M and a low of $651.04M. This is 11.33% 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
# Analysts222211147311396437434744477986
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$519.26M$458.37M$455.94M$498.86M$473.96M$379.36M$399.18M$489.13M$423.11M$354.24M$371.93M$5.49B$419.49M$317.94M$341.32M$4.34B$-235.81M$219.30M$239.33M$3.43B$204.00M$170.85M$193.63M$3.12B$208.67M$169.57M$174.29M$196.94M$152.10M$87.99M
High Forecast$531.86M$469.49M$467.00M$510.97M$485.46M$388.57M$408.87M$511.16M$444.92M$356.65M$373.66M$6.59B$428.61M$398.55M$349.61M$5.21B$-188.65M$219.30M$239.33M$4.12B$204.00M$170.85M$193.63M$3.74B$208.67M$169.57M$174.29M$236.33M$152.10M$87.99M
Low Forecast$512.18M$452.12M$449.72M$492.05M$467.50M$374.19M$393.73M$462.69M$410.03M$351.83M$370.20M$4.39B$401.26M$300.03M$336.66M$3.47B$-282.97M$219.30M$239.33M$2.74B$204.00M$170.85M$193.63M$2.49B$208.67M$169.57M$174.29M$157.55M$152.10M$87.99M
Surprise %---------------0.04%-0.52%3.60%3.15%0.06%1.47%2.52%-0.10%-0.41%2.69%2.47%1.63%0.98%8.70%2.64%

Thomson Reuters's average Quarter net income forecast for Jun 23 is $341.32M, with a range of $336.66M to $349.61M. TRI's average Quarter net income forecast represents a 104.38% 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
# Analysts222211147311396437434744477986
SG&A-------------------$414.00M-$1.06B$355.00M$1.02B$545.00M$281.00M$929.00M$361.00M$280.00M$419.00M
Avg Forecast$810.48M$730.24M$737.68M$793.55M$744.48M$663.92M$672.90M$721.54M$709.98M$670.92M$676.59M$1.11B$721.89M$617.16M$637.49M$876.91M$671.87M$604.21M$627.00M$693.21M$647.57M$576.20M$582.15M$630.19M$630.86M$556.14M$561.20M$368.37M$631.98M$557.84M
High Forecast$825.61M$743.87M$751.45M$808.36M$758.38M$676.31M$685.46M$725.29M$713.71M$683.45M$689.22M$1.33B$729.74M$622.01M$649.39M$1.05B$684.41M$604.21M$627.00M$831.85M$647.57M$576.20M$582.15M$756.23M$630.86M$556.14M$561.20M$442.04M$631.98M$557.84M
Low Forecast$801.98M$722.57M$729.94M$785.22M$736.67M$656.95M$665.84M$713.97M$702.53M$663.88M$669.49M$887.43M$714.04M$607.02M$630.80M$701.53M$664.82M$604.21M$627.00M$554.57M$647.57M$576.20M$582.15M$504.15M$630.86M$556.14M$561.20M$294.69M$631.98M$557.84M
Surprise %-------------------0.60%-1.84%0.61%1.62%0.86%0.51%1.66%0.98%0.44%0.75%

Thomson Reuters's average Quarter SG&A projection for Jun 22 is $627.00M, based on 4 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
# Analysts222211147311396437434744477986
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$1.15$1.02$1.01$1.11$1.05$0.84$0.89$1.09$0.94$0.79$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$1.18$1.04$1.04$1.13$1.08$0.86$0.91$1.13$0.99$0.79$0.83$0.96$0.95$0.88$0.78$0.81$0.66$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
Low Forecast$1.14$1.00$1.00$1.09$1.04$0.83$0.87$1.03$0.91$0.78$0.82$0.95$0.89$0.67$0.75$0.78$0.64$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
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 $0.78. 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
PFMTPerformant Healthcare$3.56$8.00124.72%Buy
MMSMaximus$72.97$110.0050.75%
GPNGlobal Payments$112.98$147.9330.93%Buy
FAFirst Advantage$18.64$21.0012.66%Hold
AZZAZZ$82.27$91.3311.01%Buy
ARMKAramark$37.67$40.908.57%Buy
CASSCass Information Systems$41.73$45.007.84%Buy
TRIThomson Reuters$163.15$175.007.26%Hold
CTASCintas$188.35$198.615.45%Buy
ABMABM Industries$50.85$47.00-7.57%Buy
CPRTCopart$59.11$35.50-39.94%Buy
RELXRELX$45.89$26.00-43.34%Hold

TRI Forecast FAQ

Is Thomson Reuters a good buy?

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.

What is TRI's price target?

Thomson Reuters (TRI) average price target is $175 with a range of $168 to $182, implying a 7.26% from its last price of $163.15. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Thomson Reuters stock go up soon?

According to Wall Street analysts' prediction for TRI stock, the company can go up by 7.26% (from the last price of $163.15 to the average price target of $175), up by 11.55% based on the highest stock price target, and up by 2.97% based on the lowest stock price target.

Can Thomson Reuters stock reach $200?

TRI's average twelve months analyst stock price target of $175 does not support the claim that Thomson Reuters can reach $200 in the near future.

What are Thomson Reuters's analysts' financial forecasts?

Thomson Reuters's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.28B (high $7.39B, low $7.2B), average EBITDA is $2.89B (high $2.94B, low $2.86B), average net income is $1.74B (high $1.79B, low $1.7B), average SG&A $2.8B (high $2.85B, low $2.77B), and average EPS is $3.87 (high $3.98, low $3.77). TRI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $7.98B (high $8.13B, low $7.89B), average EBITDA is $3.17B (high $3.23B, low $3.14B), average net income is $1.93B (high $1.98B, low $1.91B), average SG&A $3.07B (high $3.13B, low $3.04B), and average EPS is $4.29 (high $4.39, low $4.23).

Did the TRI's actual financial results beat the analysts' financial forecasts?

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 $1.82B by 65.13%. The company's net income was $1.89B, missing the average estimation of $3.65B by -48.33%. Apple's SG&A was $1.62B, missing the average forecast of $2.6B by -37.53%. 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 $690.28M by -14.38%. 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%