What is RY stock price target for 2026?

WallStSmart's 12-month price target for Royal Bank of Canada is $180.04, representing 0.0% upside from the current price of $179.97.

What is RY stock forecast?

Royal Bank of Canada forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Royal Bank of Canada

NYSE: RY · FINANCIAL SERVICES · BANKS - DIVERSIFIED

$179.97

+2.71% today

Updated 2026-04-30

Market cap

$243.80B

P/E ratio

16.48

P/S ratio

3.84x

EPS (TTM)

$10.64

Dividend yield

3.54%

52W range

$114 – $180

Volume

1.6M

Market cap

$243.80B

P/E ratio

16.48

P/S ratio

3.84x

EPS (TTM)

$10.64

Dividend yield

3.54%

52W range

$114 – $180

Volume

1.6M

Royal Bank of Canada (RY) Financial Forecast & Price Target 2030

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

Price target summary

Current

$179.97

Consensus

$162.00

-9.98%

2030 Target

$751.59

+317.62%

DCF

—

Current price

$179.97

Analyst consensus

$162.00

-9.98%

2030 Target

$751.59

+317.62%

Intrinsic (DCF)

—

19 analysts:

1 Buy2 Hold1 Sell

Management guidance

No specific CEO revenue guidance for 2026-2030 found in available data. Most recent guidance focuses on AI investments targeting $1B in returns and expansion of Rewards program to 14M members by 2029, but specific revenue targets not 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)

$1,258.10

$87.3B Rev × 20x P/S

Base case (2030)

$751.59

$87.3B Rev × 12x P/S

Bear case (2030)

$506.51

$87.3B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$113.5B	$134.5B	$137.4B	$73.1B	$76.4B	$79.8B	$83.5B	$87.3B
Revenue growth	—	18.5%	2.1%	17.4%	4.5%	4.5%	4.5%	4.5%
EPS	$11.32	$12.10	$14.43	$16.36	$17.95	$19.50	$21.10	$22.80
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$620.88	$653.56	$686.24	$718.92	$751.59

Catalysts & risks

Growth catalysts

+ AI initiatives through dedicated AI Group targeting $1B in returns

+ Rewards program expansion to 14M members by 2029 via Hopper partnership

+ Wealth Management and Personal Banking growth momentum (record Q1 2026 earnings)

+ U.S. market expansion including new multi-asset credit fund launch

+ Capital markets recovery and trading activity rebound

Key risks

- Canadian residential real estate credit deterioration and rising mortgage delinquencies

- Interest rate volatility and compression of net interest margins

- Increased regulatory capital requirements limiting growth deployment

- U.S. economic slowdown impacting capital markets and wealth management fees

- Rising technology spending costs offsetting AI productivity gains

Methodology

Royal Bank of Canada's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 19 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 6, 2026.