Update, T. Rowe Price lifts as Morgan Stanley raises target, shares in focus

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-28, 07:50.

T. Rowe Price (US74144T1088) enters Sunday trade on NASDAQ with Morgan Stanley's June 26 note still setting the tone. The broker raised its price target to $109 from $105 and kept an Equal Weight rating, according to Insider Monkey and Yahoo Finance.

What Morgan Stanley changed

Morgan Stanley lifted its second-quarter earnings estimates by an average of 7.5 percent, the Insider Monkey report said. The same report cited a June 10 update showing assets under management at $1.89 trillion and May net inflows of $3.3 billion.

The analyst backdrop

The note fits a wider focus on asset managers ahead of second-quarter results. Morgan Stanley said it would favor traditional managers before earnings, pointing to broad-based beats, a stronger market backdrop and improving fund flows.

What the business sells

T. Rowe Price Group runs an active asset-management platform with equity, multi-asset and target-date retirement funds. Its retirement business remains a core part of the franchise, and the June 10 asset update put target-date retirement assets at $623 billion.

NASDAQ price check

The T. Rowe Price shares (US74144T1088) trade on NASDAQ in U.S. dollars; a live price stamp was not verifiable in the available sources.

Disclaimer: This article is for information only and is not investment advice.