KBW raises T. Rowe Price target to $120, maintains Market Perform
Keefe, Bruyette & Woods analyst Alex Bond maintains a Market Perform rating on T. Rowe Price Group and raises the price target to $120 from $107, signaling a revised valuation outlook.
*this image is generated using AI for illustrative purposes only.
Keefe, Bruyette & Woods analyst Alex Bond has maintained a Market Perform rating on T. Rowe Price Group while raising the price target to $120 from $107. The revised target suggests a potential upside based on the firm's updated valuation model.
Rating and Target Details
The research note highlights the firm's stance on the stock's performance relative to the broader market. Below are the key changes:
| Metric | Previous Value | New Value |
|---|---|---|
| Rating | Market Perform | Market Perform |
| Price Target | $107 | $120 |
The decision to maintain the Market Perform rating indicates that the stock is expected to perform in line with the market averages. The increase in the price target points to a more favorable near-term outlook.
What specific factors in T. Rowe Price's updated valuation model drove the $13 price target increase?
How might T. Rowe Price's performance compare to its peers in the asset management industry over the next year?
What near-term market conditions could support the revised price target of $120?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
