Royal Bank of Canada: Argus raises Buy rating, PT boosted to $162.

Royal Bank of Canada: Argus raises Buy rating, PT boosted to $162.

Royal Bank of Canada (RY) has received a positive upgrade from Argus Research, with the firm raising its rating to a Buy and increasing its price target to $162.00. The upgrade comes following the bank's strong third-quarter earnings report, which exceeded analysts' expectations [3].

Argus analysts praised RBC's diversified business model and robust financial performance, highlighting the bank's ability to navigate market challenges and capitalize on growth opportunities. The firm's positive outlook is reflected in its increased price target, which is now 10.4% higher than the previous target of $147.00 [3].

RBC's third-quarter earnings report showed significant growth across various segments, with revenue reaching $16.99 billion and adjusted diluted earnings per share (EPS) of $3.84, both surpassing expectations. The bank's stock price rose by 6.36% to $146.43 in pre-market trading following the earnings announcement [3].

In addition to Argus, RBC has received positive ratings from other analysts, including Brian Morton from Barclays, who maintains a Buy rating with a price target of $203.00 [1]. However, National Bank maintained a Hold rating on the stock as of August 15 [1].

Despite the positive ratings, RBC faces several risks and challenges, including ongoing China-Canada trade tensions, fluctuations in the Canadian economy, and potential peak of the credit cycle. The bank's management is focused on organic growth, strategic acquisitions, and closely monitoring trade negotiations and economic conditions [3].

References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/RY/pressreleases/34471668/barclays-sticks-to-its-buy-rating-for-royal-bank-of-canada-ry/
[2] https://finance.yahoo.com/quote/RY.TO/
[3] https://www.investing.com/news/transcripts/earnings-call-transcript-royal-bank-of-canada-beats-q3-2025-expectations-93CH-4212914