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T. Rowe Price Group (NASDAQ:TROW) Price Target Raised to $90.00 at The Goldman Sachs Group
The Goldman Sachs Group has raised its price target for T. Rowe Price Group (NASDAQ:TROW) to $90.00 from $85.00, though this still indicates a potential downside of 12.98% from its current price. Despite a Q1 earnings beat with $2.52 EPS versus $2.37 expected, analyst sentiment remains lukewarm with an average “Reduce” rating and an average price target of $98.62 across other firms. The company reported a 5.3% year-over-year revenue increase to $1.86 billion and strong profitability metrics.