Evercore ISI Cuts T. Rowe (TROW) Price Target to $106, Flags Equity Outflows as Key Concern

T. Rowe Price Group, Inc. (NASDAQ:TROW) is included among the Dividend Champions, Contenders, and Challengers List: 15 Highest Yielding Stocks.

On February 5, Evercore ISI cut its price target on T. Rowe Price Group, Inc. (NASDAQ:TROW) to $106 from $116 and kept an In Line rating on the stock. The firm said the quarter mostly matched expectations, but flagged equity outflows as a “significant concern,” according to the analyst’s note to investors.

During the Q4 2025 earnings call, President, CEO, and Chair Robert Sharps said T. Rowe Price closed the year with $1.78 trillion in assets under management. That marked growth of more than 10% from the beginning of the year, even as the firm saw $56.9 billion in net outflows. Sharps said the company continued to gain traction across its strategic priorities and expressed confidence in both the long-term plan and the team executing it.

He pointed to improving performance across several key investment strategies and said the firm’s long-term results remained particularly strong in fixed income and its Target Date franchise. Sharps also noted progress on the strategic front, highlighting a collaboration with Goldman Sachs focused on wealth and retirement opportunities. As part of that effort, the firms rolled out their first co-branded model portfolios. He added that, in January, T. Rowe Price announced another strategic partnership with First Abu Dhabi Bank.

On product expansion, Sharps said the company launched 13 ETFs during 2025, bringing the total lineup to 30 and pushing ETF assets past $21 billion. He also noted that T. Rowe Price achieved a first close on a firm-managed private equity fund in early 2026, while OHA recorded its second straight year of record fundraising, raising more than $16 billion.

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a financial services holding company that offers investment advisory services worldwide. Its platform spans equity, fixed income, multi-asset, and alternative strategies, serving a broad client base that includes individual investors, financial advisors, institutions, and retirement plan sponsors.

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