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Royal Bank of Canada (RY) Stock Forecast & Price Target

Royal Bank of Canada logo
C$204.54 -0.52 (-0.25%)
As of 10:54 AM Eastern
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Royal Bank of Canada - Analysts' Recommendations and Stock Price Forecast (2025)

Consensus Rating

Moderate Buy
Based on 11 Analyst Ratings
Sell
0
Hold
5
Buy
6

Based on 11 Wall Street analysts who have issued ratings for Royal Bank of Canada in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 5 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for RY.

Consensus Price Target

C$206.00
0.71% Upside
According to the 11 analysts' twelve-month price targets for Royal Bank of Canada, the average price target is C$206.00. The highest price target for RY is C$227.00, while the lowest price target for RY is C$189.00. The average price target represents a forecasted upside of 0.71% from the current price of C$204.54.
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
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RY Analyst Ratings Over Time

TypeCurrent Forecast
10/6/24 to 10/6/25		1 Month Ago
9/6/24 to 9/6/25		3 Months Ago
7/8/24 to 7/8/25		1 Year Ago
10/7/23 to 10/6/24
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
3 Strong Buy rating(s)
2 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
8 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$206.00C$206.00C$184.54C$163.38
Forecasted Upside0.71% Upside2.89% Upside2.30% Upside-1.69% Downside
Consensus RatingModerate BuyModerate BuyBuyBuy

RY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

RY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Royal Bank of Canada Stock vs. The Competition

TypeRoyal Bank of CanadaFinancial Services Companies
Consensus Rating Score
2.64
2.24
Consensus RatingModerate BuyHold
News Sentiment Rating
Neutral News

See Recent RY News
Positive News
Export to Excel
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
9/22/2025Erste Group Bank
3 of 5 stars		 UpgradeStrong-Buy
9/22/2025National Bankshares
3 of 5 stars		 Set TargetSector PerformC$203.00-1.05%
9/5/2025Cibc World Mkts
5 of 5 stars		 DowngradeStrong-Buy ➝ Hold
9/5/2025CIBC
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 DowngradeOutperform ➝ NeutralC$208.00+3.86%
8/28/2025TD Securities
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetHoldC$191.00 ➝ C$208.00+4.07%
8/28/2025Bank of America
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetC$214.00 ➝ C$227.00+13.58%
8/28/2025Barclays
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetC$190.00 ➝ C$203.00+1.57%
8/28/2025Scotiabank
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetOutperformC$186.00 ➝ C$210.00+5.07%
8/28/2025Desjardins
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetBuyC$193.00 ➝ C$214.00+7.07%
8/28/2025BMO Capital Markets
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetOutperformC$190.00 ➝ C$203.00+1.57%
8/28/2025Canaccord Genuity Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetBuyC$201.00 ➝ C$219.00+9.58%
8/13/2025Jefferies Financial Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Boost TargetC$198.00 ➝ C$207.00+10.62%
5/29/2025National Bank Financial
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
G. Dechaine
Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating
DowngradeOutperform ➝ Sector Perform
5/22/2025UBS Group
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetC$198.00 ➝ C$196.00+11.73%
2/28/2025Cormark
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetC$194.00 ➝ C$189.00+11.89%
6/6/2024Argus
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating
S. Biggar
Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating
UpgradeStrong-Buy
11/23/2023Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		 Lower TargetMarket PerformC$127.00 ➝ C$125.00+4.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:10 AM ET.


Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 3, 2025. Please send any questions or comments about these Royal Bank of Canada pros and cons to contact@marketbeat.com.

Royal Bank of Canada
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Royal Bank of Canada:

  • The current stock price is around C$205, reflecting a strong performance and potential for further growth.
  • Royal Bank of Canada has recently increased its quarterly dividend to C$1.54 per share, indicating a commitment to returning value to shareholders.
  • The company has a solid market capitalization of approximately C$289 billion, showcasing its stability and size in the financial sector.
  • Recent analyst ratings have been favorable, with several firms upgrading their price targets, suggesting confidence in the company's future performance.
  • The stock has shown resilience, with a relatively low beta, indicating less volatility compared to the market, which can be appealing for risk-averse investors.

Royal Bank of Canada
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Royal Bank of Canada for these reasons:

  • Despite recent growth, the stock has experienced fluctuations, with a 200-day moving average indicating potential volatility in the near term.
  • Some analysts have downgraded their ratings, reflecting concerns about market conditions and the bank's performance relative to its peers.
  • The payout ratio is currently around 44.78%, which, while sustainable, may limit the bank's ability to increase dividends further in the future.
  • Economic uncertainties and potential regulatory changes could impact the bank's profitability and growth prospects.
  • Competition in the banking sector remains fierce, which could pressure margins and affect overall performance.

RY Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Royal Bank of Canada is C$206.00, with a high forecast of C$227.00 and a low forecast of C$189.00.

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RY shares.

According to analysts, Royal Bank of Canada's stock has a predicted upside of 0.71% based on their 12-month stock forecasts.

Over the previous 90 days, Royal Bank of Canada's stock had 2 downgrades and 1 upgrade by analysts.

Analysts like Royal Bank of Canada more than other "financial services" companies. The consensus rating for Royal Bank of Canada is Moderate Buy while the average consensus rating for "financial services" companies is Hold. Learn more on how RY compares to other companies.

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This page (TSE:RY) was last updated on 10/6/2025 by MarketBeat.com Staff
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