ROYAL BANK OF CANADA (RY) Forecast, Price Target & Analyst Ratings

NYSE:RY • CA7800871021

162.35 USD

-1.87 (-1.14%)

At close: Mar 18, 2026

162.35 USD

0 (0%)

After Hours: 3/18/2026, 8:04:00 PM

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for ROYAL BANK OF CANADA (RY).

Consensus Price Target

Price Target

$183.24

+ 12.87% Upside

→ Price target details

Next Earnings Forecast

Earnings Estimate

Release Date: May 27, 2026
Period: Q2 / 2026
EPS Estimate: CA$3.89
Revenue Estimate: 17.525B

→ Full earnings forecast details

ChartMill Buy Consensus

Rating

82.50%

Weighted Analyst Rating Score

→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target

$183.24

Upside

+ 12.87%

From current price of $162.35 to mean target of $183.24, Based on 24 analyst forecasts

Low

$161.99

Median

$182.92

High

$207.44

Price Target Revisions

1 Month

3.82%

3 Months

8.19%

Price Target Summary

24 Wall Street analysts provided a forecast for the next 12 months for RY. The average price target is 183.24 USD. This implies a price increase of 12.87% is expected in the next year compared to the current price of 162.35.

The average price target has been revised upward by 8.19% in the past 3 months.

→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

Analyst Ratings History

Analyst Ratings Consensus

ChartMill Buy Consensus

82.50%

RY was analyzed by 24 analysts. The buy percentage consensus is at 83. So analysts seem to be very confident about RY.

In the previous month the buy percentage consensus was at a similar level.

RY was analyzed by 24 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.

→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Date	Firm	Action	From → To
2025-08-29	Argus Research	Maintains	Buy -> Buy
2024-12-05	BMO Capital	Maintains	Outperform -> Outperform
2024-08-29	BMO Capital	Maintains	Outperform -> Outperform
2024-06-06	Argus Research	Maintains	Buy -> Buy
2024-04-05	BMO Capital	Upgrade	Market Perform -> Outperform
2023-12-18	B of A Securities	Upgrade	Neutral -> Buy
2023-08-25	Barclays	Maintains	Underweight -> Underweight
2023-08-25	Credit Suisse	Maintains	Outperform -> Outperform
2023-08-21	Barclays	Maintains	Underweight -> Underweight
2022-06-06	Argus Research	Maintains	Buy
2021-08-13	Barclays	Upgrade
2021-06-23	CIBC World Markets	Downgrade	Neutral
2021-06-15	National Bank Financial	Upgrade	Outperform
2021-06-07	Credit Suisse	Upgrade
2021-05-31	Cormark Securities	Upgrade	Buy
2021-05-28	National Bank Financial	Upgrade	Outperform
2021-05-28	Sbank	Upgrade	Outperform
2021-05-28	BMO Capital Markets	Upgrade	Market Perform
2021-05-28	Canaccord Genuity	Upgrade	Buy
2021-05-28	Credit Suisse	Upgrade
2021-05-27	CIBC World Markets	Maintains	Neutral
2021-05-20	Sbank	Upgrade	Outperform
2021-05-20	CIBC World Markets	Upgrade	Neutral
2021-05-20	Credit Suisse	Upgrade
2021-05-19	Bank of America	Upgrade	Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date: May 27, 2026
Period: Q2 / 2026
EPS Estimate: CA$3.89
Revenue Estimate: 17.525B
Revenue Q2Q: 11.82%
EPS Q2Q: 24.52%
Number of Analysts: 13

Next Earnings Revisions

Revenue (1 Month)

0.69%

Revenue (3 Months)

0.75%

EPS (1 Month)

1.87%

EPS (3 Months)

1.81%

Next Earnings Summary

RY is expected to report earnings on 5/27/2026. The consensus EPS estimate for the next earnings is 3.89 USD and the consensus revenue estimate is 17.52B USD.

The next earnings revenue estimate has been revised upward by 0.75% in the past 3 months.

→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

	2023	2024	2025	2026	2027	2028	2029	2030
Revenue YoY % growth	51.464B 5.06%	57.344B 11.43%	66.605B 16.15%	72.898B 9.45%	76.225B 4.56%	78.635B 3.16%	79.125B 0.62%	81.93B 3.55%
EBITDA YoY % growth	N/A	N/A	N/A 7.63%	25.596B -7.07%	N/A	N/A	N/A	N/A
EBIT YoY % growth	N/A -1.81%	N/A 17.37%	N/A 17.67%	32.443B 9.70%	34.35B 5.88%	34.363B 0.04%	34.83B 1.36%	36.173B 3.86%
Operating Margin	N/A	N/A	N/A	44.50%	45.06%	43.70%	44.02%	44.15%
EPS YoY % growth	11.37 1.52%	12.10 6.42%	14.43 19.26%	16.36 13.34%	17.95 9.74%	19.89 10.84%	N/A	N/A

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

	Q2 / 26	Q3 / 26	Q4 / 26	Q1 / 27	Q2 / 27	Q3 / 27	Q4 / 27	Q1 / 28	Q2 / 28	Q3 / 28	Q4 / 28
EPS Q2Q % growth	3.89 24.52%	4.13 7.66%	4.14 7.58%	4.37 7.22%	4.23 8.99%	4.53 9.68%	4.61 11.22%	5.04 15.13%	4.82 13.84%	5.07 11.76%	5.11 10.91%
Revenue Q2Q % growth	17.525B 11.82%	18.28B 7.62%	18.368B 6.73%	18.89B 5.18%	18.472B 5.40%	19.341B 5.80%	19.525B 6.30%	19.93B 5.51%	19.362B 4.82%	19.914B 2.96%	20.036B 2.62%
EBITDA Q2Q % growth	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EBIT Q2Q % growth	7.794B 8.43%	8.294B 13.90%	8.217B 9.25%	8.487B 4.88%	8.031B 3.04%	8.755B 5.56%	8.63B 5.03%	N/A	N/A	N/A	N/A

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year

11.30%

EPS Next 5 Year

N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year

5.05%

Revenue Next 5 Year

3.85%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year

N/A

EBIT Next 5 Year

N/A

→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

ROYAL BANK OF CANADA / RY Forecast FAQ

What is the average price target for ROYAL BANK OF CANADA (RY) stock?

24 analysts have analysed RY and the average price target is 183.24 USD. This implies a price increase of 12.87% is expected in the next year compared to the current price of 162.35.

Can you provide the upcoming earnings date for ROYAL BANK OF CANADA?

ROYAL BANK OF CANADA (RY) will report earnings on 2026-05-27.

What are the consensus estimates for ROYAL BANK OF CANADA (RY) next earnings?

The consensus EPS estimate for the next earnings of ROYAL BANK OF CANADA (RY) is 3.89 USD and the consensus revenue estimate is 17.52B USD.

Can you provide the consensus rating for ROYAL BANK OF CANADA stock?

The consensus rating for ROYAL BANK OF CANADA (RY) is 82.5 / 100 . This indicates that analysts generally have a positive outlook on the stock.

Analyst forecast overview

Forecast Snapshot