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T. Rowe Price Group (NASDAQ:TROW) Price Target Cut to $103.00 by Analysts at JPMorgan Chase & Co.
JPMorgan Chase & Co. analysts have decreased their price target for T. Rowe Price Group (NASDAQ:TROW) from $106.00 to $103.00, maintaining an “underweight” rating, which implies a limited upside of 3.35% from its current price. This aligns with a broader analyst consensus of a “Reduce” rating and an average target price of $96.62, reflecting concerns despite the asset manager’s slight miss on quarterly EPS and a 6% revenue increase year-over-year. The stock traded up slightly at $99.67, with a market cap of $21.69 billion.