Royal Bank of Canada (RY)
NYSE: RY · IEX Real-Time Price · USD
107.52
+1.54 (1.45%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Royal Bank of Canada Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for RY stock have an average target of 133.75, with a low estimate of 120 and a high estimate of 150. The average target predicts an increase of 24.40% from the current stock price of 107.52.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for RY stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 3 | 3 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Argus Research | Argus Research | Strong Buy Maintains $115 → $120 | Strong Buy | Maintains | $115 → $120 | +11.61% | Jun 6, 2024 |
| BMO Capital | BMO Capital | Hold → Buy Upgrades $140 → $150 | Hold → Buy | Upgrades | $140 → $150 | +39.51% | Apr 5, 2024 |
| Credit Suisse | Credit Suisse | Buy Maintains $138 → $139 | Buy | Maintains | $138 → $139 | +29.28% | Aug 25, 2023 |
| Barclays | Barclays | Sell Maintains $124 → $126 | Sell | Maintains | $124 → $126 | +17.19% | Aug 25, 2023 |
| Barclays | Barclays | Sell Maintains $122 → $124 | Sell | Maintains | $122 → $124 | +15.33% | Aug 21, 2023 |
Financial Forecast
Revenue This Year
58.18B
from 56.13B
Increased by 3.65%
Revenue Next Year
61.40B
from 58.18B
Increased by 5.53%
EPS This Year
11.99
from 10.50
Increased by 14.18%
EPS Next Year
12.98
from 11.99
Increased by 8.28%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 60.3B | 64.7B | 68.6B |
| Avg | 58.2B | 61.4B | 64.8B |
| Low | 54.6B | 55.8B | 57.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.4% | 11.3% | 11.7% |
| Avg | 3.6% | 5.5% | 5.5% |
| Low | -2.7% | -4.1% | -5.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.84 | 14.10 | 15.86 |
| Avg | 11.99 | 12.98 | 14.26 |
| Low | 11.07 | 11.81 | 12.54 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.3% | 17.6% | 22.1% |
| Avg | 14.2% | 8.3% | 9.9% |
| Low | 5.5% | -1.5% | -3.4% |
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.