Citi analyst Christopher Allen has maintained their neutral stance on TROW stock, giving a Hold rating on April 11.
Christopher Allen has given his Hold rating due to a combination of factors related to T Rowe Price’s recent financial performance and market conditions. The company reported $8.6 billion in outflows for the first quarter of 2025, which was better than the initially forecasted $14 billion in net outflows. However, despite the better-than-expected flows, the overall market impact was negative, leading to a revision of earnings estimates.
Allen adjusted the earnings per share (EPS) estimates downward for both the first quarter of 2025 and the full years of 2025 and 2026. The new price target is set at $95, reflecting a 12x multiple on the revised EPS estimates. The Hold rating is maintained as Allen prefers to wait for more clarity on the market environment before making a more decisive recommendation.
In another report released on April 11, Wells Fargo also maintained a Hold rating on the stock with a $98.00 price target.
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TROW in relation to earlier this year.