Royal Bank of Canada (RY)
NYSE: RY · Real-Time Price · USD
125.10
+3.31 (2.72%)
Nov 21, 2024, 1:34 PM EST - Market open
Royal Bank of Canada Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for RY stock have an average target of 142.5, with a low estimate of 120 and a high estimate of 165. The average target predicts an increase of 13.91% from the current stock price of 125.10.
Analyst Consensus: Strong Buy
* Price targets were last updated on Aug 29, 2024.
Analyst Ratings
The average analyst rating for RY stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 1 | 1 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $151 → $165 | Buy | Maintains | $151 → $165 | +31.89% | Aug 29, 2024 |
| Argus Research | Argus Research | Strong Buy Maintains $115 → $120 | Strong Buy | Maintains | $115 → $120 | -4.08% | Jun 6, 2024 |
| BMO Capital | BMO Capital | Hold → Buy Upgrades $140 → $150 | Hold → Buy | Upgrades | $140 → $150 | +19.90% | Apr 5, 2024 |
| Credit Suisse | Credit Suisse | Buy Maintains $138 → $139 | Buy | Maintains | $138 → $139 | +11.11% | Aug 25, 2023 |
| Barclays | Barclays | Sell Maintains $124 → $126 | Sell | Maintains | $124 → $126 | +0.72% | Aug 25, 2023 |
Financial Forecast
Revenue This Year
58.89B
Revenue Next Year
62.46B
from 58.89B
Increased by 6.06%
EPS This Year
12.39
from 10.50
Increased by 18.05%
EPS Next Year
13.30
from 12.39
Increased by 7.29%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 60.4B | 65.1B | 70.2B |
| Avg | 58.9B | 62.5B | 66.1B |
| Low | 55.6B | 57.0B | 59.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 10.6% | 12.3% |
| Avg | - | 6.1% | 5.8% |
| Low | - | -3.3% | -5.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.78 | 14.13 | 15.59 |
| Avg | 12.39 | 13.30 | 14.50 |
| Low | 11.56 | 12.10 | 12.79 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 21.7% | 14.0% | 17.2% |
| Avg | 18.0% | 7.3% | 9.1% |
| Low | 10.1% | -2.4% | -3.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.