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Keefe Bruyette Reaffirms Market Perform on T. Rowe Price

T. Rowe Price Group, Inc. (NASDAQ:TROW) is included among the 13 Best Debt Free Dividend Stocks to Buy Now.

On December 17, Keefe Bruyette analyst Alex Bond lowered the firm’s price target on T. Rowe Price Group, Inc. (NASDAQ:TROW) to $115 from $117 and kept a Market Perform rating. The firm still expects a supportive economic backdrop in 2026, the analyst said in a research note.

A few days earlier, on December 10, T. Rowe Price Group, Inc. (NASDAQ:TROW) reported preliminary November month-end assets under management of $1.79 trillion. Net outflows for November 2025 totaled $8.0 billion. By asset class, Equity assets stood at $891 billion as of November 30. Fixed income, including money market funds, totaled $211 billion. Multi-asset strategies accounted for $628 billion, while Alternatives reached $57 billion.

During the third-quarter 2025 earnings call, CEO Robert Sharps spoke about a newly announced strategic collaboration with Goldman Sachs. The goal is to deliver diversified public and private market solutions. Early focus areas include a co-branded sister series for the Target Date franchise, model portfolios, multi-asset offerings, and adviser-managed accounts. Sharps said the firm is building a co-branded series of asset allocation model portfolios that include alternative investments, with plans to launch on the first platform before year-end and expand to other platforms in 2026.

He also pointed to the launch of two new retirement allocation funds in Asia and steady growth in the ETF business, which now holds $19 billion in AUM. Another highlight was the launch of the Emerging Markets Blue Economy Bond strategy, which has already attracted more than $200 million in commitments.

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a publicly traded global investment manager based in the U.S. The firm offers mutual funds, subadvisory services, separate account management, and retirement solutions for individuals, institutions, and financial intermediaries.

While we acknowledge the potential of TROW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TROW and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Dividend Achievers List: Top 16 Stocks and 13 Top Tech Stocks Paying Consistent Dividends.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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