WallStSmart
NTRS

Northern Trust Corporation

NASDAQ: NTRS · FINANCIAL SERVICES · ASSET MANAGEMENT

$164.83
-1.24% today

Updated 2026-04-29

Market cap
$30.93B
P/E ratio
17.48
P/S ratio
3.70x
EPS (TTM)
$9.55
Dividend yield
1.88%
52W range
$91 – $173
Volume
1.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Northern Trust Corporation (NTRS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$164.83
Consensus
$154.55
-6.24%
2030 Target
$682.80
+314.24%
DCF
—
—
18 analysts:
2 Buy7 Hold4 Sell

Management guidance

No specific CEO revenue targets found in available documents. Management has emphasized strategic initiatives including ETF growth, digital assets/tokenization, alternative assets expansion, and AI-driven solutions, but no quantified revenue targets through 2030 were disclosed.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,138.00
$10.8B Rev × 20x P/S
Base case (2030)
$682.80
$10.8B Rev × 12x P/S
Bear case (2030)
$455.20
$10.8B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$12.1B$15.9B$14.3B$8.8B$9.1B$9.7B$10.2B$10.8B
Revenue growth—31.0%-9.9%9.2%3.4%5.9%5.8%5.7%
EPS$6.02$9.78$8.74$10.28$11.29$12.15$13.05$13.95
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$554.78$583.22$611.67$654.35$682.80

Catalysts & risks

Growth catalysts
+ ETF platform expansion and NOEQ active US equity ETF launch (March 2026) targeting growing active ETF demand
+ Digital assets/tokenization capabilities (tokenized money market fund launch Feb 2026) capturing emerging institutional demand
+ Alternative asset servicing growth (Moorstone commodity mandate, expanded CLO offering) driving fee revenue
+ Strong Q4 2025 earnings beat (8.4% YoY revenue growth, EPS beat) positioning for continued outperformance
+ Asia-Pacific and emerging markets expansion in asset servicing
Key risks
- Fee compression in traditional asset servicing business impacting margins
- Rising regulatory costs and compliance burden for financial services
- Weak net interest income environment if rates remain elevated or decline sharply
- Competitive pressures from larger peers (JPM, BNY Mellon, State Street) and fintech disruption
- Insider selling activity and mixed institutional sentiment despite strong fundamentals

Methodology

Northern Trust Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 18 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.