Analyst Reduces T Rowe Price Group Target (TROW) to $99

T. Rowe Price Group, Inc. (NASDAQ:TROW) is included among the 13 Undervalued Dividend Aristocrats to Buy Now.

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions.

On March 6, Evercore ISI lowered its price target on T. Rowe Price Group, Inc. (NASDAQ:TROW) from $106 to $99, but maintained its ‘In Line’ rating on the shares. The revised target, which still reflects an upside potential of almost 11% from the current share price, comes as the analyst firm updated its estimates in the group after an ‘early look’ at February and traditional asset manager flows in the first quarter.

T. Rowe Price Group, Inc. (NASDAQ:TROW) concluded FY 2025 with $1.78 trillion in assets under management (AUM), indicating a 10% growth from the end of FY 2024. The company’s AUM continues to grow and stood at $1.8 trillion at the end of February.

T. Rowe Price Group, Inc. (NASDAQ:TROW) also raised its quarterly dividend by 2.4% to $1.30 per share last month, marking its 40th consecutive year of dividend growth. The stock currently has a robust annual dividend yield of 5.82%.

While we acknowledge the risk and potential of TROW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TROW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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