Breaking Down T. Rowe Price Gr: 10 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
T. Rowe Price Gr (NASDAQ:TROW) received mixed analyst ratings with a shift towards more positive assessments in recent months. The average 12-month price target is $111.3, reflecting an 8.48% increase from the previous target. Analysts from firms like Evercore ISI Group, Morgan Stanley, and JP Morgan adjusted their price targets and ratings, indicating a nuanced view of TROW's market performance. T. Rowe Price, with $1.450 trillion in managed assets, shows strong revenue growth and ROE, despite a net margin below industry average.
April 30, 2024 | 3:01 pm
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Analysts provide mixed ratings for T. Rowe Price, with recent adjustments suggesting a cautiously optimistic outlook. The average price target increase to $111.3 indicates potential upside.
The mixed analyst ratings with a trend towards more positive adjustments, coupled with an increased average price target, suggest a cautiously optimistic outlook for T. Rowe Price. The company's strong asset management performance and revenue growth, despite some profitability challenges, support the potential for stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100