Royal Bank of Canada (RY)
NYSE: RY · IEX Real-Time Price · USD
97.68
+0.41 (0.42%)
Apr 25, 2024, 4:00 PM EDT - Market closed
Royal Bank of Canada Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for RY stock have an average target of 138.33, with a low estimate of 126 and a high estimate of 150. The average target predicts an increase of 41.62% from the current stock price of 97.68.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for RY stock from 3 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 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 | 2 | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold → Buy Upgrades $140 → $150 | Hold → Buy | Upgrades | $140 → $150 | +53.56% | Apr 5, 2024 |
| Credit Suisse | Credit Suisse | Buy Maintains $138 → $139 | Buy | Maintains | $138 → $139 | +42.30% | Aug 25, 2023 |
| Barclays | Barclays | Sell Maintains $124 → $126 | Sell | Maintains | $124 → $126 | +28.99% | Aug 25, 2023 |
| Barclays | Barclays | Sell Maintains $122 → $124 | Sell | Maintains | $122 → $124 | +26.95% | Aug 21, 2023 |
| Argus Research | Argus Research | Strong Buy Maintains $121 → $125 | Strong Buy | Maintains | $121 → $125 | +27.97% | Jun 6, 2022 |
Financial Forecast
Revenue This Year
57.55B
from 56.13B
Increased by 2.53%
Revenue Next Year
60.56B
from 57.55B
Increased by 5.24%
EPS This Year
11.65
from 10.50
Increased by 10.96%
EPS Next Year
12.45
from 11.65
Increased by 6.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 60.4B | 63.9B | 66.0B |
| Avg | 57.6B | 60.6B | 62.5B |
| Low | 52.9B | 54.5B | 55.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.6% | 11.0% | 9.0% |
| Avg | 2.5% | 5.2% | 3.2% |
| Low | -5.7% | -5.2% | -7.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 12.47 | 13.43 | 14.33 |
| Avg | 11.65 | 12.45 | 13.28 |
| Low | 10.45 | 9.64 | 11.98 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 18.8% | 15.3% | 15.1% |
| Avg | 11.0% | 6.9% | 6.6% |
| Low | -0.5% | -17.2% | -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.