Royal Bank of Canada (RY)

Royal Bank of Canada Stock Forecast

Stock Price Forecast

The 2 analysts that cover Royal Bank of Canada stock have a consensus rating of "Strong Buy" and an average price target of $177.5, which forecasts a 22.11% increase in the stock price over the next year. The lowest target is $162 and the highest is $193.

Price Target: $177.5 (+22.11%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$162	$177.5	$193	$193
Change	+11.45%	+22.11%	+32.77%	+32.77%

Analyst Ratings

The average analyst rating for Royal Bank of Canada stock 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	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Stephen Biggar Argus Research	Argus Research	Strong Buy Maintains $140 → $162	Strong Buy	Maintains	$140 → $162	+11.45%	Aug 29, 2025
Sohrab Movahedi BMO Capital	BMO Capital	Buy Maintains $195 → $193	Buy	Maintains	$195 → $193	+32.77%	Dec 5, 2024
Sohrab Movahedi BMO Capital	BMO Capital	Buy Maintains $151 → $165	Buy	Maintains	$151 → $165	+13.51%	Aug 29, 2024
Stephen Biggar Argus Research	Argus Research	Strong Buy Maintains $115 → $120	Strong Buy	Maintains	$115 → $120	-17.45%	Jun 6, 2024
Sohrab Movahedi BMO Capital	BMO Capital	Hold → Buy Upgrades $140 → $150	Hold → Buy	Upgrades	$140 → $150	+3.19%	Apr 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

65.97B

Increased by 21.91%

from 54.11B

Revenue Next Year

67.88B

Increased by 2.91%

from 65.97B

EPS This Year

13.70

Increased by 21.79%

from 11.25

EPS Next Year

14.79

Increased by 7.93%

from 13.70

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Oct 31, 2020	Oct 31, 2021	Oct 31, 2022	Oct 31, 2023	Oct 31, 2024	Oct 31, 2025	Oct 31, 2026
Revenue	42.83B	50.45B	48.50B	49.00B	54.11B	65.97B	67.88B
Revenue Growth	-2.96%	17.78%	-3.86%	1.02%	10.44%	21.91%	2.91%
EPS	7.82	11.06	11.06	10.32	11.25	13.70	14.79
EPS Growth	-10.60%	41.38%	-	-6.69%	9.01%	21.79%	7.93%
Forward PE	-	-	-	-	-	14.57	13.50
No. Analysts	-	-	-	-	-	18	18

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	68.2B	70.9B
Avg	66.0B	67.9B
Low	59.3B	60.4B

Revenue Growth

Revenue Growth	2025	2026	2027
High	26.1%	7.5%
Avg	21.9%	2.9%
Low	9.5%	-8.4%

EPS Forecast

EPS	2025	2026	2027
High	14.31	15.78
Avg	13.70	14.79
Low	12.69	13.62

EPS Growth

EPS Growth	2025	2026	2027
High	27.2%	15.2%
Avg	21.8%	7.9%
Low	12.8%	-0.6%

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.