T Rowe Price Group Inc. (TROW) shares have surpassed the average analyst 12-month target price of $118.18, trading at $120.44 as of the latest trading session. This signifies a pivotal moment for analysts, who may choose to either downgrade their valuation or adjust their target prices upwards.
The average target price is derived from 11 analysts within the Zacks coverage universe, with estimates ranging from a low of $88.00 to a high of $211.00, resulting in a standard deviation of $34.187. The current analyst ratings show 0 strong buy, 0 buy, 6 hold, 2 sell, and 3 strong sell ratings, with an average rating of 3.73 on a scale of 1 (strong buy) to 5 (strong sell).
As TROW’s stock crosses above the analysts’ average target, investors are encouraged to reassess their strategy regarding the stock, determining whether it could reach even higher targets or if its valuation is becoming stretched.
