In a report released today, Michael Cyprys from Morgan Stanley maintained a Hold rating on T Rowe Price (TROW – Research Report), with a price target of $121.00.
Michael Cyprys has given his Hold rating due to a combination of factors including adjustments in earnings estimates and valuation concerns. The projected earnings per share (EPS) for T. Rowe Price in the first quarter of 2025 has been lowered by 6.3% to $2.16, primarily due to anticipated increases in operating expenses and a decrease in management fees.
Furthermore, the EPS for the entire year of 2025 has been revised down by 6.8% to $9.36, reflecting these operational dynamics. Consequently, the price target has been adjusted downward by 4% to $121, while maintaining a price-to-earnings (P/E) ratio of 12.5x for 2026. Despite these revisions, the overall market cap and broader economic factors suggest maintaining the current position.
According to TipRanks, Cyprys is a 4-star analyst with an average return of 6.1% and a 56.80% success rate. Cyprys covers the Financial sector, focusing on stocks such as Charles Schwab, BlackRock, and Tradeweb Markets.
In another report released on February 13, Evercore ISI also maintained a Hold rating on the stock with a $114.00 price target.