WallStSmart
TROW

T. Rowe Price Group Inc

NASDAQ: TROW · FINANCIAL SERVICES · ASSET MANAGEMENT

$100.47
-0.30% today

Updated 2026-04-29

Market cap
$21.91B
P/E ratio
10.87
P/S ratio
3.00x
EPS (TTM)
$9.24
Dividend yield
5.04%
52W range
$85 – $114
Volume
2.3M

T. Rowe Price Group Inc (TROW) Financial Forecast & Price Target 2030

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

Price target summary

Current
$100.47
Consensus
$101.36
+0.89%
2030 Target
$473.45
+371.24%
DCF
11 analysts:
1 Buy7 Hold6 Sell

Management guidance

No specific CEO revenue targets or 2026-2030 guidance found in available materials. Management focus is on expanding alternatives and private markets through strategic hires (Bill Cashel as Head of Alternatives) and partnerships (Goldman Sachs Asset Management alliance), but no quantified revenue commitments 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)
$786.10
$8.6B Rev × 20x P/S
Base case (2030)
$473.45
$8.6B Rev × 12x P/S
Bear case (2030)
$312.65
$8.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$6.5B$7.1B$7.3B$7.8B$8.0B$8.2B$8.4B$8.6B
Revenue growth9.8%3.1%7.1%2.2%1.8%2.8%2.9%
EPS$7.74$9.13$9.64$10.29$10.41$10.65$10.95$11.28
P/S ratio12.0x12.0x12.0x12.0x12.0x
Implied price$428.78$437.72$446.65$455.58$473.45

Catalysts & risks

Growth catalysts
+ Expansion into alternatives and private markets (OHA acquisition, Goldman Sachs partnership)
+ Growth in wealth advisory services and crypto offerings (new ETFs launched)
+ AUM recovery tied to equity market performance and net inflows from new product offerings
Key risks
- Persistent equity market headwinds reducing AUM and fee-based revenues
- Net outflows in mutual funds offset by ETF inflows (margin compression risk)
- Analyst consensus is 'Sell' with 3/11 downgrade ratings; institutional demand for active management declining
- 5-year revenue CAGR of 3.3% reflects cyclical asset management industry tied to market cycles

Methodology

T. Rowe Price Group Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 11 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.