Wells Fargo & Company Issues Positive Forecast for Thomson Reuters (NASDAQ:TRI) Stock Price

Key Points

• Q1 results beat expectations: Thomson Reuters reported $1.23 EPS vs $1.18 est. and $2.04B revenue (≈9.8% YoY growth), reaffirmed full‑year targets, highlighted accelerating demand for its "fiduciary‑grade" AI, and boosted capital returns with a 10% dividend increase and buybacks.
• Analyst views diverge: Wells Fargo raised its target to $97 with an "equal weight" rating (≈3.9% upside), while the consensus is a "Moderate Buy" with an average target of $147.62, showing wide variation in price expectations.

Thomson Reuters (NASDAQ:TRI - Get Free Report) had its target price upped by Wells Fargo & Company from $87.00 to $97.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price suggests a potential upside of 3.86% from the stock's previous close.

TRI has been the subject of a number of other research reports. Morgan Stanley set a $116.00 price target on Thomson Reuters in a research note on Friday, February 6th. Bank of America lifted their price target on Thomson Reuters from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, March 10th. Argus assumed coverage on Thomson Reuters in a research note on Wednesday, April 22nd. They set a "hold" rating for the company. BMO Capital Markets set a $165.00 price target on Thomson Reuters in a research note on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce set a $183.00 price target on Thomson Reuters and gave the company an "outperformer" rating in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $147.62.

Thomson Reuters Stock Down 2.2%

TRI stock traded down $2.06 during mid-day trading on Wednesday, reaching $93.40. 215,398 shares of the company traded hands, compared to its average volume of 2,456,851. The stock has a market cap of $40.73 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 1.40 and a beta of 0.80. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. Thomson Reuters has a fifty-two week low of $79.71 and a fifty-two week high of $218.42. The firm's 50 day moving average price is $93.87 and its 200 day moving average price is $116.00.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.18 by $0.05. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2 billion. Thomson Reuters had a return on equity of 14.51% and a net margin of 20.09%.The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. As a group, equities research analysts predict that Thomson Reuters will post 4.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Thomson Reuters

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Thomson Reuters by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 5,776,640 shares of the company's stock worth $762,320,000 after purchasing an additional 85,684 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Thomson Reuters by 0.7% during the 4th quarter. TD Asset Management Inc now owns 4,664,372 shares of the company's stock worth $616,342,000 after purchasing an additional 33,418 shares during the last quarter. TLT Family Holdco ULC purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $865,442,000. SEG Family Corp. purchased a new stake in shares of Thomson Reuters during the 2nd quarter worth approximately $659,930,000. Finally, Morgan Stanley increased its stake in shares of Thomson Reuters by 31.2% during the 4th quarter. Morgan Stanley now owns 2,802,312 shares of the company's stock worth $369,597,000 after purchasing an additional 665,743 shares during the last quarter. Hedge funds and other institutional investors own 17.31% of the company's stock.

More Thomson Reuters News

Here are the key news stories impacting Thomson Reuters this week:

• Positive Sentiment: Q1 results beat expectations: Revenue grew ~10% year‑over‑year and EPS of $1.23 topped consensus; management described a strong start to 2026 and organic growth across core segments. This underpins upward pressure on the stock. Thomson Reuters first-quarter revenue rises 10%, topping estimates
• Positive Sentiment: Management emphasizes AI adoption: CEO and company presentations stressed that professional customers are choosing Thomson Reuters’ AI and that demand for “fiduciary‑grade” AI is accelerating — a key growth narrative that supports higher recurring revenue and pricing power. Thomson Reuters CEO says pros are choosing its AI
• Positive Sentiment: Company reaffirms outlook and highlights AI demand: Thomson Reuters reiterated its full‑year targets for organic revenue growth, adjusted EBITDA margin and free cash flow while calling out AI as a demand driver — reassurance that helped sentiment. Thomson Reuters reaffirms forecasts, highlights 'fiduciary-grade AI' demand
• Positive Sentiment: Capital returns increased: The company raised the annualized dividend 10% to $2.62 (quarterly dividend $0.655 announced), completed a $605M return of capital, and repurchased $262M (2.5M shares) under its buyback plan — all supportive of EPS and shareholder value. Thomson Reuters Reports First-Quarter 2026 Results
• Neutral Sentiment: Share consolidation / reverse split: A corporate share consolidation (reverse split) took effect May 4; while it reduces outstanding share count, reverse splits are typically neutral mechanically and don't change fundamentals. Reverse split announcement
• Neutral Sentiment: Regulatory/corporate filings: Thomson Reuters filed a Form 6‑K detailing corporate arrangement documentation — standard disclosure for cross‑listed Canadian/US issuers; worth monitoring for any governance or restructuring details. Thomson Reuters Files May 2026 Form 6-K

About Thomson Reuters

Thomson Reuters is a global provider of information and technology solutions for professional markets, including financial services, legal, tax and accounting, and media industries. The company delivers a range of data, analytics and software tools designed to help customers make informed decisions, manage risk and stay compliant with evolving regulations. Its key offerings include the Eikon financial data platform, Westlaw legal research service, Checkpoint tax and accounting solution, and Reuters News, which supplies real‐time journalism to media organizations worldwide.

Formed in 2008 through the merger of Canada's Thomson Corporation (founded in 1934) and the UK's Reuters Group (established in 1851), Thomson Reuters has built on a legacy of journalistic integrity and information innovation.

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