Royal Bank of Canada (RY) Stock Forecast
RY analyst forecast
as of October 18, 2026- Analyst consensus
- Buy 3.87 / 5 from 15 analysts
- Price target
- $211.36 average of analyst targets
- Upside to target
- +6.9% from the latest close
- Next earnings
- December 2, 2026 EPS estimate $2.98
- 52-week range
- $145.41 – $217.87
RY analyst ratings
15 analystsNumber of analysts at each rating.
RY price target
The average of analyst 12-month price targets compared with the latest close and the 52-week range.
RY earnings per share estimates
| Period | Average | Low | High | Year ago | Growth | Analysts |
|---|---|---|---|---|---|---|
| Current quarter (Jul '26) | $4.07 | $3.97 | $4.14 | $3.84 | +6.0% | 12 |
| Next quarter (Jan '27) | $4.40 | $4.29 | $4.52 | $4.08 | +7.9% | 6 |
| Current fiscal year (FY2026) | $16.43 | $16.34 | $16.83 | $14.43 | +13.8% | 13 |
| Next fiscal year (FY2027) | $17.92 | $17.52 | $18.60 | $16.43 | +9.1% | 13 |
Consensus EPS estimates; growth compares the average estimate with the year-ago EPS.
RY revenue estimates
| Period | Average | Low | High | Growth | Analysts |
|---|---|---|---|---|---|
| Current quarter (Jul '26) | $18.18B | $17.67B | $18.54B | +7.0% | 9 |
| Next quarter (Jan '27) | $19.10B | $18.62B | $19.46B | +6.3% | 4 |
| Current fiscal year (FY2026) | $72.42B | $71.86B | $72.70B | +8.7% | 11 |
| Next fiscal year (FY2027) | $76.44B | $75.31B | $78.62B | +5.5% | 11 |
RY EPS: reported and forecast
Fiscal years; "E" marks estimates, the line shows the range from the lowest to the highest estimate.
RY revenue: reported and forecast
RY EPS estimate revisions
| Period | 90 days ago | 60 days ago | 30 days ago | 7 days ago | Now | Change (90 d) | Revisions (30 d) |
|---|---|---|---|---|---|---|---|
| Current quarter (Jul '26) | $3.99 | $4.03 | $4.02 | $4.05 | $4.07 | +1.9% | 1 up · 0 down |
| Next quarter (Jan '27) | $4.26 | $4.26 | $4.38 | $4.38 | $4.40 | +3.4% | 3 up · 0 down |
| Current fiscal year (FY2026) | $16.09 | $16.12 | $16.39 | $16.39 | $16.43 | +2.1% | 12 up · 0 down |
| Next fiscal year (FY2027) | $17.62 | $17.64 | $17.88 | $17.88 | $17.92 | +1.7% | 10 up · 2 down |
How the consensus EPS estimate changed over the last 90 days, and how many analysts raised or lowered it in the last 30 days.
RY earnings surprises
Reported EPS vs the consensus estimate for the last 12 quarters; RY beat in 11 of 12.
What analysts expect from RY
15 analysts cover Royal Bank of Canada; their consensus rating is buy (3.87 on a 1–5 scale, where 5 is a strong buy). The average price target is $211.36, 6.9% above the latest close of $197.80. Analysts expect earnings of $16.43 per share for FY2026, +13.8% from a year earlier. For FY2027 the average estimate is $17.92 per share on revenue of $76.4 billion. Royal Bank of Canada beat the EPS estimate in 11 of the last 12 quarters.
Related: RY income statement, RY chart. See the RY stock overview for the latest quote and news.
RY forecast FAQ
What is Royal Bank of Canada's price target?
The average analyst price target for Royal Bank of Canada is $211.36, 6.9% above the latest close of $197.80.
Is Royal Bank of Canada a buy, hold or sell?
Of 15 analysts covering Royal Bank of Canada, 5 rate it a strong buy, 4 a buy, 5 a hold, 1 a sell and 0 a strong sell, a consensus of buy. Ratings are opinions, not a recommendation from Quotelinks.
What is Royal Bank of Canada's EPS forecast?
Analysts forecast $16.43 per share for FY2026 (range $16.34 to $16.83); for FY2027 the estimate is $17.92.
What is Royal Bank of Canada's revenue forecast?
The average revenue estimate for FY2026 is $72.4 billion, growth of 8.7%; for FY2027 it is $76.4 billion.
When does Royal Bank of Canada report earnings?
Royal Bank of Canada is expected to report results for the quarter ending October 31, 2026 on December 2, 2026; the EPS estimate is $2.98.
Does Royal Bank of Canada usually beat earnings estimates?
Royal Bank of Canada reported EPS at or above the analyst estimate in 11 of the last 12 quarters.