Citi has adjusted its price target on T. Rowe Price (TROW, Financial), bringing it down to $95 from a previous $100. Despite this change, Citi maintains a Neutral rating on the stock. This decision follows the release of data regarding the company's assets under management for the first quarter, prompting the firm to revise its estimates and update its market model accordingly.
Citi expressed a cautious approach, indicating a preference to wait for clearer signals in the current market environment before considering further investment in TROW shares. This adjustment reflects the firm's strategy to align its projections with the latest financial updates from the investment management company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for T. Rowe Price Group Inc (TROW, Financial) is $93.75 with a high estimate of $105.00 and a low estimate of $78.00. The average target implies an upside of 5.65% from the current price of $88.74. More detailed estimate data can be found on the T. Rowe Price Group Inc (TROW) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, T. Rowe Price Group Inc's (TROW, Financial) average brokerage recommendation is currently 3.3, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for T. Rowe Price Group Inc (TROW, Financial) in one year is $126.87, suggesting a upside of 42.98% from the current price of $88.735. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the T. Rowe Price Group Inc (TROW) Summary page.
