T. Rowe Price Group (TROW) Stock Forecast, Price Target & Predictions
TROW Stock Forecast
T. Rowe Price Group stock forecast is as follows: an average price target of $125.00 (represents a 7.65% upside from TROW’s last price of $116.12) and a rating consensus of 'Hold', based on 10 wall street analysts offering a 1-year stock forecast.
TROW Price Target
The average price target for T. Rowe Price Group (TROW) is $125.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $125.00 to $125.00. This represents a potential 7.65% upside from TROW's last price of $116.12.
TROW Analyst Ratings
According to 10 Wall Street analysts, T. Rowe Price Group's rating consensus is 'Hold'. The analyst rating breakdown for TROW stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 7 'Hold' (70.00%), 3 'Sell' (30.00%), and 0 'Strong Sell' (0.00%).
T. Rowe Price Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 26, 2024 | Chris Allen | Citigroup | $125.00 | $115.49 | 8.23% | 7.65% |
| Jun 12, 2024 | Alexander Blostein | Goldman Sachs | $113.00 | $118.39 | -4.55% | -2.69% |
| Jun 12, 2024 | Glenn Schorr | Evercore ISI | $116.00 | $114.49 | 1.32% | -0.10% |
| Apr 30, 2024 | Glenn Schorr | Evercore ISI | $107.00 | $112.08 | -4.53% | -7.85% |
| Apr 05, 2024 | Brian Bedell | Deutsche Bank | $113.00 | $116.26 | -2.80% | -2.69% |
| Mar 12, 2024 | Glenn Schorr | Evercore ISI | $108.00 | $117.85 | -8.36% | -6.99% |
| Aug 09, 2022 | James Fotheringham | BMO Capital | $115.00 | $127.77 | -9.99% | -0.96% |
| Jun 13, 2022 | James Fotheringham | BMO Capital | $135.00 | $114.85 | 17.54% | 16.26% |
| May 02, 2022 | Morgan Stanley | $155.00 | $125.28 | 23.72% | 33.48% | |
| May 02, 2022 | BMO Capital | $160.00 | $122.98 | 30.10% | 37.79% | |
| Apr 29, 2022 | Citigroup | $90.00 | $127.30 | -29.30% | -22.49% | |
| Apr 25, 2022 | Morgan Stanley | $170.00 | $135.36 | 25.59% | 46.40% | |
| Apr 11, 2022 | Michael Cyprys | Morgan Stanley | $178.00 | $143.07 | 24.41% | 53.29% |
| Feb 20, 2022 | Brian Bedell | Deutsche Bank | $159.00 | $143.47 | 10.82% | 36.93% |
| Apr 19, 2021 | Jeremy Campbell | Barclays | $160.00 | $170.01 | -5.89% | 37.79% |
| Apr 14, 2021 | Christopher Harris | Wells Fargo | $215.00 | $167.98 | 27.99% | 85.15% |
The latest T. Rowe Price Group stock forecast, released on Jul 26, 2024 by Chris Allen from Citigroup, set a price target of $125.00, which represents a 8.23% increase from the stock price at the time of the forecast ($115.49), and a 7.65% increase from TROW last price ($116.12).
T. Rowe Price Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 6 |
| Avg Price Target | - | - | $113.67 |
| Last Closing Price | $116.12 | $116.12 | $116.12 |
| Upside/Downside | -100.00% | -100.00% | -2.11% |
In the current month, the average price target of T. Rowe Price Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to T. Rowe Price Group's last price of $116.12. 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 |
|---|---|---|---|---|
| Oct 18, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Oct 14, 2024 | Barclays | Underweight | Underweight | Hold |
| Sep 11, 2024 | Wells Fargo | Overweight | Equal-Weight | Initialise |
| Aug 27, 2024 | Barclays | Underweight | Initialise | |
| Jul 29, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Jul 26, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jul 26, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Jul 26, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jul 26, 2024 | UBS | Sell | Sell | Hold |
| Jul 08, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Jun 12, 2024 | Goldman Sachs | Sell | Sell | Hold |
| Jun 12, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Apr 11, 2024 | Keefe, Bruyette & Woods | Market Perform | Upgrade | |
| Apr 08, 2024 | Cowen & Co. | Hold | Upgrade | |
| Apr 05, 2024 | Citigroup | Neutral | Neutral | Hold |
| Apr 05, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Oct 31, 2023 | Citigroup | Sell | Neutral | Upgrade |
| Oct 18, 2022 | UBS | Neutral | Buy | Initialise |
| Oct 18, 2022 | Credit Suisse | Underperform | Initialise | |
| Aug 09, 2022 | BMO Capital | Market Perform | Market Perform | Hold |
| Jul 11, 2022 | UBS | Neutral | Downgrade | |
| Jun 13, 2022 | BMO Capital | Outperform | Market Perform | Downgrade |
| May 02, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 02, 2022 | BMO Capital | Outperform | Outperform | Hold |
| Apr 29, 2022 | Citigroup | Sell | Sell | Hold |
| Apr 11, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Feb 20, 2022 | Deutsche Bank | Hold | Hold | Hold |
| Apr 15, 2021 | Wells Fargo | Overweight | Overweight | Hold |
T. Rowe Price Group's last stock rating was published by Morgan Stanley on Oct 18, 2024. The company gave TROW a "Equal-Weight" rating, the same as its previous rate.
T. Rowe Price Group Financial Forecast
T. Rowe Price Group Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.64B | $9.30T | $1.61B | $1.54B | $1.52B | $1.59B | $1.51B | $1.86B | $1.96B | $1.95B | $1.93B | $1.83B | $1.73B | $1.60B |
| Avg Forecast | $2.06B | $2.04B | $2.02B | $2.00B | $2.04B | $2.01B | $1.97B | $1.93B | $1.97B | $1.93B | $1.90B | $1.86B | $1.88B | $1.84B | $1.79B | $1.71B | $1.62B | $1.65B | $1.60B | $1.53B | $1.54B | $1.53B | $1.66B | $1.87B | $1.92B | $1.96B | $1.89B | $1.80B | $1.69B | $1.59B |
| High Forecast | $2.08B | $2.06B | $2.04B | $2.02B | $2.06B | $2.03B | $1.99B | $1.95B | $1.99B | $1.95B | $1.92B | $1.88B | $1.92B | $1.85B | $1.79B | $1.71B | $1.66B | $1.68B | $1.61B | $1.54B | $1.55B | $1.53B | $1.66B | $1.87B | $1.92B | $1.96B | $1.89B | $1.80B | $1.69B | $1.59B |
| Low Forecast | $2.04B | $2.02B | $1.99B | $1.97B | $2.01B | $1.99B | $1.95B | $1.90B | $1.94B | $1.91B | $1.88B | $1.85B | $1.85B | $1.84B | $1.79B | $1.71B | $1.57B | $1.60B | $1.58B | $1.51B | $1.52B | $1.53B | $1.66B | $1.87B | $1.92B | $1.96B | $1.89B | $1.80B | $1.69B | $1.59B |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 5647.99% | 1.01% | 1.01% | 0.99% | 1.04% | 0.91% | 1.00% | 1.02% | 1.00% | 1.02% | 1.02% | 1.02% | 1.01% |
T. Rowe Price Group's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.71B, with a low forecast of $1.71B, and a high forecast of $1.71B. TROW's average Quarter revenue forecast represents a 4.39% increase compared to the company's last Quarter revenue of $1.64B (Dec 23).
T. Rowe Price Group EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $387.20M | $581.30M | $533.50M | $384.90M | $445.50M | $714.60M | $997.80M | $1.12B | $973.30M | $1.06B | $1.13B | $1.03B | $1.05B | $914.80M |
| Avg Forecast | $957.82M | $947.21M | $936.71M | $926.33M | $944.69M | $935.03M | $915.57M | $894.05M | $912.81M | $897.00M | $880.57M | $862.65M | $872.73M | $856.12M | $829.95M | $997.16M | $753.52M | $764.32M | $740.96M | $906.51M | $1.06B | $710.51M | $770.41M | $824.10M | $889.67M | $907.67M | $875.12M | $1.00B | $783.32M | $735.44M |
| High Forecast | $967.18M | $956.46M | $945.86M | $935.38M | $953.92M | $944.16M | $924.51M | $902.79M | $921.72M | $905.76M | $889.17M | $872.08M | $891.30M | $859.37M | $829.95M | $1.20B | $772.12M | $779.65M | $748.20M | $1.09B | $1.27B | $710.51M | $770.41M | $988.92M | $889.67M | $907.67M | $875.12M | $1.21B | $783.32M | $735.44M |
| Low Forecast | $946.51M | $936.02M | $925.65M | $915.39M | $933.54M | $923.99M | $904.76M | $883.50M | $902.03M | $886.41M | $870.17M | $857.93M | $858.80M | $852.88M | $829.95M | $797.73M | $730.26M | $742.37M | $732.21M | $725.21M | $847.62M | $710.51M | $770.41M | $659.28M | $889.67M | $907.67M | $875.12M | $803.52M | $783.32M | $735.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.51% | 0.76% | 0.72% | 0.42% | 0.42% | 1.01% | 1.30% | 1.36% | 1.09% | 1.16% | 1.29% | 1.02% | 1.33% | 1.24% |
4 analysts predict TROW's average Quarter EBITDA for Mar 24 to be $997.16M, with a high of $1.20B and a low of $797.73M. This is 157.53% upper than T. Rowe Price Group's previous annual EBITDA (Dec 23) of $387.20M.
T. Rowe Price Group Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $394.70M | $499.50M | $476.40M | $421.50M | $266.00M | $384.40M | $339.60M | $567.90M | $733.60M | $777.20M | $815.70M | $749.40M | $783.40M | $643.20M |
| Avg Forecast | $581.04M | $667.09M | $605.84M | $608.40M | $538.37M | $574.08M | $550.43M | $545.40M | $505.93M | $547.95M | $526.94M | $522.32M | $490.98M | $521.76M | $504.94M | $719.64M | $360.98M | $404.37M | $385.51M | $654.22M | $806.88M | $397.29M | $477.90M | $594.75M | $696.38M | $738.93M | $714.97M | $731.56M | $616.89M | $574.27M |
| High Forecast | $588.42M | $675.56M | $613.53M | $616.13M | $545.21M | $581.37M | $557.42M | $552.33M | $512.36M | $554.91M | $533.63M | $536.00M | $512.89M | $528.65M | $504.98M | $863.57M | $390.31M | $436.18M | $390.41M | $785.06M | $968.25M | $397.29M | $477.90M | $713.70M | $696.38M | $738.93M | $714.97M | $877.87M | $616.89M | $574.27M |
| Low Forecast | $572.12M | $656.85M | $596.54M | $599.06M | $530.11M | $565.27M | $541.98M | $537.03M | $498.16M | $539.54M | $518.85M | $510.91M | $453.71M | $514.87M | $504.90M | $575.71M | $331.65M | $370.30M | $379.59M | $523.38M | $645.50M | $397.29M | $477.90M | $475.80M | $696.38M | $738.93M | $714.97M | $585.25M | $616.89M | $574.27M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.24% | 1.24% | 0.64% | 0.33% | 0.97% | 0.71% | 0.95% | 1.05% | 1.05% | 1.14% | 1.02% | 1.27% | 1.12% |
T. Rowe Price Group's average Quarter net income forecast for Mar 24 is $719.64M, with a range of $575.71M to $863.57M. TROW's average Quarter net income forecast represents a 82.33% increase compared to the company's last Quarter net income of $394.70M (Dec 23).
T. Rowe Price Group SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $313.10M | $247.50M | $263.60M | $283.40M | $279.00M | $280.00M | $229.00M | $237.70M | $286.80M | $227.00M | $231.40M | $223.50M | $221.80M | $204.30M |
| Avg Forecast | $313.16M | $309.69M | $306.26M | $302.86M | $308.87M | $305.71M | $299.34M | $292.31M | $298.44M | $293.27M | $287.90M | $282.04M | $285.34M | $279.91M | $271.35M | $301.21M | $246.36M | $249.89M | $242.26M | $273.83M | $312.47M | $228.83M | $248.13M | $248.94M | $286.54M | $292.33M | $281.85M | $218.18M | $252.28M | $236.86M |
| High Forecast | $316.22M | $312.71M | $309.25M | $305.82M | $311.88M | $308.69M | $302.27M | $295.17M | $301.36M | $296.14M | $290.71M | $285.12M | $291.41M | $280.97M | $271.35M | $361.46M | $252.44M | $254.91M | $244.62M | $328.60M | $374.96M | $228.83M | $248.13M | $298.72M | $286.54M | $292.33M | $281.85M | $261.81M | $252.28M | $236.86M |
| Low Forecast | $309.46M | $306.03M | $302.64M | $299.29M | $305.22M | $302.10M | $295.81M | $288.86M | $294.92M | $289.81M | $284.50M | $280.50M | $280.79M | $278.85M | $271.35M | $240.97M | $238.76M | $242.72M | $239.40M | $219.06M | $249.97M | $228.83M | $248.13M | $199.15M | $286.54M | $292.33M | $281.85M | $174.54M | $252.28M | $236.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.27% | 0.99% | 1.09% | 1.03% | 0.89% | 1.22% | 0.92% | 0.95% | 1.00% | 0.78% | 0.82% | 1.02% | 0.88% | 0.86% |
T. Rowe Price Group's average Quarter SG&A projection for Mar 24 is $301.21M, based on 4 Wall Street analysts, with a range of $240.97M to $361.46M. The forecast indicates a -3.80% fall compared to TROW last annual SG&A of $313.10M (Dec 23).
T. Rowe Price Group EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 | 5 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.76 | $2.22 | $2.07 | $1.97 | $1.16 | $1.67 | $1.47 | $2.43 | $3.26 | $3.34 | $3.50 | $3.20 | $3.36 | $2.75 |
| Avg Forecast | $2.61 | $2.99 | $2.72 | $2.73 | $2.42 | $2.58 | $2.47 | $2.45 | $2.27 | $2.46 | $2.37 | $2.34 | $2.20 | $2.34 | $2.27 | $2.04 | $1.62 | $1.81 | $1.73 | $1.65 | $1.72 | $1.78 | $2.14 | $2.79 | $3.12 | $3.31 | $3.20 | $2.97 | $2.76 | $2.57 |
| High Forecast | $2.64 | $3.03 | $2.75 | $2.77 | $2.45 | $2.61 | $2.50 | $2.48 | $2.30 | $2.49 | $2.40 | $2.41 | $2.30 | $2.37 | $2.27 | $2.04 | $1.75 | $1.96 | $1.75 | $1.67 | $1.74 | $1.78 | $2.14 | $2.79 | $3.12 | $3.31 | $3.20 | $2.97 | $2.76 | $2.57 |
| Low Forecast | $2.57 | $2.95 | $2.68 | $2.69 | $2.38 | $2.54 | $2.43 | $2.41 | $2.24 | $2.42 | $2.33 | $2.29 | $2.04 | $2.31 | $2.27 | $2.04 | $1.49 | $1.66 | $1.70 | $1.63 | $1.69 | $1.78 | $2.14 | $2.79 | $3.12 | $3.31 | $3.20 | $2.97 | $2.76 | $2.57 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.22% | 1.20% | 1.19% | 0.67% | 0.94% | 0.69% | 0.87% | 1.05% | 1.01% | 1.09% | 1.08% | 1.22% | 1.07% |
According to 4 Wall Street analysts, T. Rowe Price Group's projected average Quarter EPS for Mar 24 is $2.04, with a low estimate of $2.04 and a high estimate of $2.04. This represents a 16.09% increase compared to TROW previous annual EPS of $1.76 (Dec 23).
T. Rowe Price Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CG | Carlyle Group | $51.78 | $57.60 | 11.24% | Buy |
| PFLT | PennantPark Floating Rate Capital | $10.81 | $12.00 | 11.01% | Hold |
| HTGC | Hercules Capital | $19.18 | $21.00 | 9.49% | Buy |
| TROW | T. Rowe Price Group | $117.89 | $125.00 | 6.03% | Hold |
| PFG | Principal Financial Group | $77.54 | $82.20 | 6.01% | Hold |
| STT | State Street | $98.70 | $103.00 | 4.36% | Hold |
| BLK | BlackRock | $1.05K | $1.09K | 3.56% | Buy |
| ARCC | Ares Capital | $21.30 | $22.00 | 3.29% | Buy |
| FSK | FS KKR Capital | $21.29 | $21.00 | -1.36% | Hold |
| IVZ | Invesco | $17.80 | $17.50 | -1.69% | Hold |
| BK | Bank of New York Mellon | $78.45 | $76.80 | -2.10% | Buy |
| MAIN | Main Street Capital | $55.62 | $52.00 | -6.51% | Buy |
| KKR | KKR | $151.23 | $138.83 | -8.20% | Buy |
| AMP | Ameriprise Financial | $541.86 | $495.00 | -8.65% | Buy |
| APO | Apollo Global Management | $176.32 | $149.50 | -15.21% | Buy |
| BX | Blackstone | $183.11 | $153.80 | -16.01% | Hold |
| PSEC | Prospect Capital | $5.41 | $4.50 | -16.82% | Sell |