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 156.5, with a low estimate of 120 and a high estimate of 193. The average target predicts an increase of 29.32% from the current stock price of 121.02.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$120	$156.5	$193	$193
Change	-0.84%	+29.32%	+59.48%	+59.48%

* Price targets were last updated on Dec 5, 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	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '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
Sohrab Movahedi BMO Capital	BMO Capital	Buy Maintains $195 → $193	Buy	Maintains	$195 → $193	+59.48%	Dec 5, 2024
Sohrab Movahedi BMO Capital	BMO Capital	Buy Maintains $151 → $165	Buy	Maintains	$151 → $165	+36.34%	Aug 29, 2024
Stephen Biggar Argus Research	Argus Research	Strong Buy Maintains $115 → $120	Strong Buy	Maintains	$115 → $120	-0.84%	Jun 6, 2024
Sohrab Movahedi BMO Capital	BMO Capital	Hold → Buy Upgrades $140 → $150	Hold → Buy	Upgrades	$140 → $150	+23.95%	Apr 5, 2024
Han Joon Kim Credit Suisse	Credit Suisse	Buy Maintains $138 → $139	Buy	Maintains	$138 → $139	+14.86%	Aug 25, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

63.11B

Revenue Next Year

66.60B

from 63.11B

5.53%

from 63.11B

EPS This Year

13.33

from 11.25

18.52%

from 11.25

EPS Next Year

14.59

from 13.33

9.45%

from 13.33

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 31, 2020	Oct 31, 2021	Oct 31, 2022	Oct 31, 2023	Oct 31, 2024	Oct 31, 2025	Oct 31, 2026	Oct 31, 2027
Revenue	-	-	-	-	-	63.11B	66.60B	59.87B
Revenue Growth	-2.96%	17.78%	-3.86%	1.02%	10.44%	-	5.53%	-10.12%
EPS	7.82	11.06	11.06	10.32	11.25	13.33	14.59	-
EPS Growth	-10.60%	41.38%	-	-6.69%	9.01%	18.52%	9.45%	-
Forward PE	-	-	-	-	-	13.06	11.93	-
No. Analysts	-	-	-	-	-	22	12	4

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

Revenue Forecast

Revenue	2025	2026	2027
High	66.2B	71.9B	61.0B
Avg	63.1B	66.6B	59.9B
Low	52.2B	55.2B	57.0B

Revenue Growth

Revenue Growth	2025	2026	2027
High	-	13.9%	-8.4%
Avg	-	5.5%	-10.1%
Low	-	-12.6%	-14.5%

EPS Forecast

EPS	2025	2026
High	14.13	15.61
Avg	13.33	14.59
Low	12.39	13.57

EPS Growth

EPS Growth	2025	2026
High	25.6%	17.1%
Avg	18.5%	9.4%
Low	10.1%	1.8%

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.