Barclays Cuts T. Rowe Price (TROW) Price Target to $102

Barclays has reiterated its Underweight rating on T. Rowe Price with a reduced price target, a 1.78% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:19 PM EDT

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Barclays cut its price target on T. Rowe Price Group, Inc. ($TROW) to $102 from $103 on October 14, 2026, and rates the stock "Underweight".

Since the rating, $TROW is up 1.4% to date (from the $99.62 close on Oct 14, 2026).

TROW T. Rowe Price Group, Inc.

$100.97 +0.35% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Barclays reiterated its Underweight rating on T. Rowe Price Group, Inc. with a target price of $102, down from $103.
Barclays's $102 price target implies 1.78% upside from T. Rowe Price Group, Inc.'s ($TROW) current $100.22 share price.
T. Rowe Price shares recently traded around $100.22, which is about 1.7% below Barclays' target.
The company's next earnings report is scheduled for October 30, 2026, as it continues to manage a revenue of $7.59 billion.

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Barclays has reiterated its Underweight rating on T. Rowe Price Group, Inc. (TROW) and set a new price target of $102, down from $103. This update was made on October 14, 2026, as the shares were recently trading around $100.22.

Barclays' Call on T. Rowe Price

Barclays maintained its Underweight rating for T. Rowe Price, adjusting its price target to $102. The firm believes the stock is currently overvalued compared to its performance. The new target represents a slight decrease from the previous target, indicating a cautious outlook on the stock's potential.

Other Institutional Activity in T. Rowe Price

Several other funds have also been active in T. Rowe Price. Blackrock Inc. increased its holdings by 1,227,242 shares, bringing its total to about 23,996,119 shares valued at approximately $2.42 billion. State Street Corporation added 381,073 shares, ending with 14,653,478 shares worth around $1.48 billion. Meanwhile, Vanguard Capital Management LLC reduced its stake by 188,342 shares, holding now 13,972,686 shares valued at about $1.41 billion.

T. Rowe Price Group, Inc. Stock Down 1.1%

The shares of T. Rowe Price are currently trading around $100.22, which is below Barclays' target price. The stock has been fluctuating recently and is closely watched as it approaches its next earnings report on October 30, 2026. Investors are interested to see how the company's performance aligns with market expectations.

12-month forecast

$TROW price target

T. Rowe Price Group, Inc. daily closes and this analyst's $102 target. Not advice.

Recent Earnings

T. Rowe Price reported a trailing twelve-month revenue of $7.59 billion and an EPS of $9.96. The company has shown a revenue growth of 10.7% year-over-year and a net margin of 29.3%. These figures highlight the firm's strong operational efficiency and profitability.

Insider Buying and Selling at T. Rowe Price Group, Inc.

There have been some insider sales at T. Rowe Price. Officer Stephon A. Jackson sold 3,000 shares on May 13, 2026, at an average price of $102.56, totaling about $307,680. Another officer, Joshua B. Nelson, sold 10,000 shares on August 25, 2026, at an average price of $111.82, amounting to approximately $1.12 million. These transactions occurred before the recent analyst ratings.

Analysts Set New Price Targets

Before Barclays' recent call, several analysts maintained their ratings on T. Rowe Price. On October 9, 2026, Evercore ISI Group maintained an In-Line rating with a target of $109, down from $113. TD Cowen also maintained a Hold rating with a target of $109, down from $110. JP Morgan kept its Underweight rating with a target of $106, lowered from $107, while BMO Capital maintained a Market Perform rating with a target of $110, down from $120.

About T. Rowe Price

T. Rowe Price Group, Inc. is an investment management firm based in Baltimore, Maryland. It provides a range of services to individual and institutional investors, including mutual funds and retirement plans. The firm focuses on both equity and fixed income markets, employing a mix of fundamental and quantitative analysis in its investment strategies.

Bottom Line

Investors should watch for T. Rowe Price's upcoming earnings report on October 30, 2026, as it may impact analyst views and stock performance. Barclays' lowered price target suggests caution in the current market environment.