Simply Wall St has raised its fair value estimate for T. Rowe Price Group to US$110.00 from US$97.42, reflecting updated model assumptions. The revision places the estimate within the range of recent Wall Street price targets, which cluster from just above US$100 to about US$121. Key changes in the model include an increase in assumed long-term dollar revenue growth from 1.86% to 4.35%, a projected net profit margin rising from 24.70% to 31.00%, and a target future P/E multiple adjusted from 12.50x to 10.45x, while the discount rate moved slightly from 7.81% to 7.78%. Among analysts, Evercore ISI raised its target to US$121, Keefe Bruyette to US$120, and Barclays to US$108 while maintaining an Underweight rating, while TD Cowen trimmed its target to US$107 with a Hold stance.
T. Rowe Price Group IncSimply Wall St raised fair value estimate to $110, and multiple analysts raised price targets, reflecting improved model assumptions.