70/100BNorthern Trust stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Northern Trust is 186.00, 5.1% above the current price of 177.05. Their targets range from 177.00 to 194.00.
Of the 13 firms that rated Northern Trust in the past 12 months, 3 rate it buy or strong buy, 8 hold and 2 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 177.00 to 194.00, with an average of 186.00.
| Buy | 3 | |
| Hold | 8 | |
| Sell | 2 |
12-month price target
| Highest target | 194.00 |
| Average target | 186.00 |
| Lowest target | 177.00 |
| Current price | 177.05 |
Northern Trust price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Northern Trust price target and rating?
How analysts rate Northern Trust, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
3 of 13 firms rate it buy now, against 3 of 13 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Northern Trust analyst upgrades, downgrades and price targets
The latest rating change came on 23 July 2026, when RBC Capital downgraded Northern Trust from Outperform to Sector Perform. The most recent new target came from Morgan Stanley on 22 October 2026: 177.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 22 Oct 2026 | Morgan Stanley Manan Gosalia | Reiterated · Underweight | 173.00 → 177.00 | +2.3% | 166.93 |
| 22 Oct 2026 | Barclays | Reiterated · Equal Weight | 189.00 → 194.00 | +2.6% | 166.91 |
| 6 Oct 2026 | Capital One Financial | — | 190.00 | — | 170.15 |
| 1 Oct 2026 | Evercore ISI Glenn Schorr | Reiterated · In Line | 179.00 → 183.00 | +2.2% | 169.36 |
| 23 Jul 2026 | Morgan Stanley Manan Gosalia | Reiterated · Underweight | 170.00 → 173.00 | +1.8% | 178.66 |
| 23 Jul 2026 | Wells Fargo | Reiterated · Equal Weight | 131.00 → 194.00 | +48.1% | 178.66 |
| 23 Jul 2026 | Barclays | Reiterated · Equal Weight | 160.00 → 189.00 | +18.1% | 178.66 |
| 23 Jul 2026 | RBC Capital | Downgraded · Outperform → Sector Perform | — | — | — |
| 22 Jul 2026 | RBC Capital | — | 159.00 → 178.00 | +11.9% | 178.66 |
| 6 Jul 2026 | Evercore ISI | Reiterated · In Line | 179.00 | — | 180.44 |
| 29 Jun 2026 | Morgan Stanley | Reiterated · Underweight | 131.00 → 170.00 | +29.8% | 176.09 |
| 26 Jun 2026 | UBS | — | 186.00 | — | 172.41 |
| 6 Apr 2026 | BMO Capital | Upgraded · Market Perform → Outperform | — | — | — |
| 6 Apr 2026 | Goldman Sachs | Upgraded · Sell → Neutral | — | — | — |
| 28 Jan 2026 | Goldman Sachs Alexander Blostein | Reiterated · Sell | 130.00 → 148.00 | +13.8% | 150.09 |
| 23 Jan 2026 | RBC Capital | Reiterated · Outperform | 123.00 → 159.00 | +29.3% | 148.90 |
| 7 Jan 2026 | Truist Financial | — | 139.00 → 148.00 | +6.5% | 144.12 |
| 6 Jan 2026 | Goldman Sachs Alexander Blostein | — | 135.00 → 130.00 | -3.7% | 144.00 |
| 5 Jan 2026 | Barclays | Reiterated · Equal Weight | 160.00 | — | 139.28 |
Northern Trust EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Northern Trust's EPS to grow 18.3% a year until 2028, faster than over the last 5 years (9.9% a year) and the last 3 years (12.5%).
Analysts expect Northern Trust's revenue to grow 7.2% a year until 2028, about as fast as over the last 5 years (5.8% a year) and the last 3 years (6.1%).
Revenue
EPS
Does Northern Trust beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 9.9% off the result, either way, and their revenue estimate 51.4%, over the last 12 quarters.
- EPS beats
- 76 / 136
- Revenue beats
- 36 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +9.9%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 21 Oct 2026 | 2.87 | 3.20 | +11.5% | 2.26B | 2.30B | +1.8% |
| Q2 FY2026 | 22 Jul 2026 | 2.71 | 2.97 | +9.6% | 2.69B | 2.71B | +0.5% |
| Q1 FY2026 | 21 Apr 2026 | 2.32 | 2.71 | +16.8% | 2.12B | 2.21B | +4.4% |
| Q4 FY2025 | 22 Jan 2026 | 2.37 | 2.69 | +13.5% | 2.06B | 2.14B | +3.8% |
| Q3 FY2025 | 22 Oct 2025 | 2.26 | 2.29 | +1.3% | 2.03B | 3.58B | +76.5% |
| Q2 FY2025 | 23 Jul 2025 | 2.06 | 2.13 | +3.4% | 1.97B | 3.60B | +83.2% |
| Q1 FY2025 | 22 Apr 2025 | 1.85 | 1.90 | +2.7% | 1.95B | 3.51B | +79.9% |
| Q4 FY2024 | 23 Jan 2025 | 1.96 | 2.26 | +15.3% | 1.92B | 1.96B | +1.9% |
| Q3 FY2024 | 23 Oct 2024 | 1.74 | 2.01 | +15.5% | 1.93B | 1.41B | -27.0% |
| Q2 FY2024 | 17 Jul 2024 | 1.75 | 1.78 | +1.7% | 1.84B | 4.61B | +150.1% |
| Q1 FY2024 | 16 Apr 2024 | 1.45 | 1.70 | +17.2% | 1.78B | 3.56B | +99.9% |
| Q4 FY2023 | 18 Jan 2024 | 1.33 | 1.46 | +9.8% | 1.73B | 3.26B | +88.6% |
Northern Trust stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Northern Trust's earnings grow at the 17.1% a year analysts expect to FY2028, then 15.0% a year, it would earn about 19.14 a share in FY2030. At the P/E it has traded at over the last five years (10.5 to 16.7) that is 200.21 to 319.77 a share, or 278.98 at its average P/E of 14.6. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 11.89 | 124.32 | 173.23 | 198.56 |
| FY2027 | 12.96 | 135.51 | 188.83 | 216.44 |
| FY2028 | 14.47 | 151.39 | 210.95 | 241.79 |
| FY2029 (extrapolated) | 16.65 | 174.09 | 242.59 | 278.06 |
| FY2030 (extrapolated) | 19.14 | 200.21 | 278.98 | 319.77 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (10.5, 14.6, 16.7).
Is Northern Trust stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Northern Trust's P/E of 13.8 is below the middle of its 5-year range (8.6 to 20.9, median 14.9). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 0.8 on expected growth against 1.5 on its median P/E and past five years' growth. At its usual P/E (14.0 × EPS of 12.83), Northern Trust's fair value is 180.22, close to the price of 177.05. Its forward P/E, on the consensus for FY2026, is 14.9.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (8.6 and 19.9). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 13.80
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 14.90
- Five-year P/E range
- 8.6 – 20.9
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 14.90
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.81
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +5.1%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.