T Rowe Price Group Inc (NASDAQ:TROW) reported better-than-expected earnings for the first quarter on Thursday.

The company posted quarterly earnings of $2.52 per share which beat the analyst consensus estimate of $2.35 per share. The company reported quarterly sales of $1.857 billion which missed the analyst consensus estimate of $1.858 billion.

T. Rowe Price shares rose 0.6% to trade at $103.50 on Friday.

These analysts made changes to their price targets on T. Rowe Price following earnings announcement.

  • Evercore ISI Group analyst Glenn Schorr maintained the stock with an In-Line rating and raised the price target from $96 to $104.
  • Keefe, Bruyette & Woods analyst Alex Bond maintained T. Rowe Price with a Market Perform and raised the price target from $95 to $107.
  • Barclays analyst Benjamin Budish maintained the stock with an Underweight rating and boosted the price target from $87 to $89.
  • TD Cowen analyst Bill Katz maintained T. Rowe Price with a Hold and raised the price target from $93 to $94.

Considering buying TROW stock? Here’s what analysts think:

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