T. Rowe Price Group: A Look at Recent Analyst Opinions and Stock Performance

Investors in T. Rowe Price Group (NASDAQ:TROW), a well-established asset management company, have been closely following recent analyst opinions on the stock. In this article, we'll take a closer look at the latest developments and examine the current outlook for the company's shares.

In July 2022, UBS Group downgraded its price objective on T. Rowe Price Group from 'b-' to 'c,' citing concerns over the company's growth prospects. The brokerage firm reduced its target price from $118.00 to $100.00 and assigned a 'sell' rating to the stock.

A few weeks earlier, in June 2022, Goldman Sachs cut its target price on T. Rowe Price Group from an undisclosed amount to $100.00 and maintained a 'sell' rating. These downward revisions are not unique, as several research analysts have recently issued reports on the company with mixed views.

The average 12-month price objective among these analysts is $132.30, indicating a consensus that the stock may experience some volatility in the short term. However, it's essential to note that four analysts have assigned a 'sell' rating, while four others have maintained a 'hold' rating and one has given a 'buy' recommendation.

Marketbeat reports that the company has received an average recommendation of 'Hold' from the 12 brokerages covering T. Rowe Price Group. While this consensus may not be overly bullish, it does suggest that investors should approach the stock with caution.

Despite these mixed views from analysts, T. Rowe Price Group's stock performance has been relatively stable in recent months. As investors weigh the latest analyst opinions against their own expectations and risk tolerance, it will be crucial to monitor the company's earnings reports and other key developments for signs of improvement or deterioration.

In conclusion, the recent analyst opinions on T. Rowe Price Group offer a mixed bag of views on the company's prospects. While some analysts are more bearish than others, the consensus remains relatively neutral, with an average recommendation of 'Hold.' As investors navigate this uncertain landscape, it will be essential to stay informed about the company's progress and make data-driven decisions accordingly.

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