RY trades 7.6% below Wall Street's consensus target of $225.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes RY achieves its forward estimates and maintains a stable P/E multiple of 13.6x. This scenario reflects the blended consensus of 30 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of July 8, 2026, Royal Bank of Canada (RY) has a Wall Street consensus price target of $225.00, based on estimates from 30 covering analysts. With the stock currently trading at $209.07, this represents a potential upside of +7.6%. The company has a market capitalization of $291.99B.
Analyst price targets range from a low of $225.00 to a high of $225.00, representing a 0% spread in expectations. The median target of $225.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 13 analysts rating the stock as a Buy or Strong Buy,16 rating it Hold, and 1 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, RY trades at a trailing P/E of 21.1x and forward P/E of 13.6x. The forward PEG ratio of 1.09 indicates reasonable valuation for growth. Analysts expect EPS to grow -28.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $347.60, with bear and bull scenarios of $218.99 and $458.00 respectively. Model confidence stands at 51/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
TDThe Toronto-Dominion Bank | $206.5B | $122.25 | $89.52 | -26.8% | Buy | 13.2x | 17 |
BMOBank of Montreal | $124.8B | $178.25 | $140.00 | -21.5% | Buy | 12.9x | 18 |
BNSThe Bank of Nova Scotia | $105.7B | $86.20 | $72.15 | -16.3% | Buy | 10.9x | 19 |
CMCanadian Imperial Bank of Commerce | $107.4B | $115.91 | $106.62 | -8.0% | Hold | 11.7x | 15 |
JPMJPMorgan Chase & Co. | $908.9B | $339.22 | $341.25 | +0.6% | Buy | 15.0x | 61 |
BACBank of America Corporation | $424.8B | $59.86 | $61.88 | +3.4% | Buy | 13.4x | 54 |
WFCWells Fargo & Company | $266.9B | $87.21 | $99.11 | +13.6% | Hold | 12.4x | 60 |
GSThe Goldman Sachs Group, Inc. | $321.2B | $1042.98 | $989.70 | -5.1% | Hold | 17.4x | 55 |
MSMorgan Stanley | $350.2B | $222.04 | $201.25 | -9.4% | Buy | 18.5x | 52 |
CCitigroup Inc. | $241.4B | $140.75 | $143.33 | +1.8% | Buy | 12.9x | 27 |
Quick answers to the most common questions about buying RY stock.
The consensus price target for RY is $225, close to the current price of $209.07 (7.6% implied move). Based on 30 analyst estimates, the stock appears fairly valued near current levels.
RY has a consensus rating of "Hold" based on 30 Wall Street analysts. The rating breakdown is mixed, with 16 Hold ratings making up the largest segment. The consensus 12-month price target of $225 implies 7.6% upside from current levels.
With a forward P/E of 13.5826x, RY trades at a relatively low valuation. The consensus target of $225 implies 7.6% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $225 for RY, while the most conservative target is $225. The consensus of $225 represents the median expectation. Our quantitative valuation model projects a bull case target of $458 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
RY is heavily covered by Wall Street, with 30 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 13 have Buy ratings, 16 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month RY stock forecast based on 30 Wall Street analysts shows a consensus price target of $225, with estimates ranging from $225 (bear case) to $225 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $348, with bear/bull scenarios of $219/$458.
Our quantitative valuation model calculates RY's fair value at $348 (base case), with a bear case of $219 and bull case of $458. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 51/100.
RY trades at a forward P/E ratio of 13.6x based on next-twelve-months earnings estimates compared to a trailing P/E of 21.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
RY appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $225 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
RY analyst price targets range from $225 to $225, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $225 consensus represents the middle ground. Our model's $219-$458 range provides an independent fundamental perspective.
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