87/100BThomson Reuters 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 Thomson Reuters is 115.00, 5.2% above the current price of 109.31. Their targets range from 85.00 to 135.00.
Of the 10 firms that rated Thomson Reuters in the past 12 months, 6 rate it buy or strong buy, 4 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 85.00 to 135.00, with an average of 115.00.
| Buy | 6 | |
| Hold | 4 | |
| Sell | 0 |
12-month price target
| Highest target | 135.00 |
| Average target | 115.00 |
| Lowest target | 85.00 |
| Current price | 109.31 |
Thomson Reuters 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 Thomson Reuters price target and rating?
How analysts rate Thomson Reuters, 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.
6 of 10 firms rate it buy now, against 7 of 10 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.
Thomson Reuters analyst upgrades, downgrades and price targets
The latest rating change came on 23 March 2026, when Wells Fargo downgraded Thomson Reuters from Overweight to Equal Weight. The most recent new target came from Jefferies on 20 October 2026: 130.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 20 Oct 2026 | Jefferies Surinder Thind | — | 130.00 | — | 108.23 |
| 13 Oct 2026 | Morgan Stanley | Reiterated · Equal Weight | 116.00 → 110.00 | -5.2% | 105.32 |
| 6 Aug 2026 | Scotiabank Paul Steep | — | 138.00 → 135.00 | -2.2% | 98.61 |
| 30 Jun 2026 | Wells Fargo Jason Haas | Reiterated · Equal Weight | 87.00 → 85.00 | -2.3% | 82.66 |
| 8 May 2026 | Barclays Manav Patnaik | Reiterated · Overweight | 170.00 → 130.00 | -23.5% | 93.37 |
| 6 May 2026 | Scotiabank | Reiterated · Sector Outperform | 156.00 → 138.00 | -11.5% | 95.46 |
| 23 Apr 2026 | UBS | Reiterated · Buy | 131.50 → 183.00 | +39.2% | 89.66 |
| 14 Apr 2026 | Wells Fargo Jason Haas | Reiterated · Equal Weight | 140.00 → 87.00 | -37.9% | 87.43 |
| 10 Apr 2026 | Barclays Manav Patnaik | Reiterated · Overweight | 170.00 | — | 83.06 |
| 23 Mar 2026 | Wells Fargo | Downgraded · Overweight → Equal Weight | — | — | — |
| 10 Feb 2026 | RBC Capital | Upgraded · Sector Perform → Outperform | — | — | — |
| 7 Feb 2026 | Goldman Sachs | — | 186.00 → 111.00 | -40.3% | 88.07 |
| 6 Feb 2026 | Morgan Stanley | — | 165.00 → 116.00 | -29.7% | 87.38 |
| 6 Feb 2026 | RBC Capital Drew McReynolds | Reiterated · Sector Perform | 126.00 | — | 89.54 |
| 6 Feb 2026 | Scotiabank Maher Yaghi | Reiterated · Sector Outperform | 189.00 → 156.00 | -17.5% | 86.41 |
| 6 Feb 2026 | BMO Capital | — | 165.00 | — | 88.26 |
| 6 Feb 2026 | UBS | — | 131.50 | — | 88.94 |
| 4 Feb 2026 | Wells Fargo | Reiterated · Overweight | 212.00 → 140.00 | -34.0% | 91.95 |
| 16 Jan 2026 | CIBC | Reiterated · Outperform | 198.00 → 183.00 | -7.6% | 124.63 |
| 17 Dec 2025 | Morgan Stanley | Reiterated · Equal Weight | 172.00 → 165.00 | -4.1% | 132.66 |
Thomson Reuters 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 Thomson Reuters's EPS to grow 15.8% a year until 2028, faster than over the last 5 years (7.3% a year) and the last 3 years (8.8%).
Analysts expect Thomson Reuters's revenue to grow 6.2% a year until 2028, about as fast as over the last 5 years (4.6% a year) and the last 3 years (4.1%).
Revenue
EPS
Does Thomson Reuters 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 5.9% off the result, either way, and their revenue estimate 1.6%, over the last 12 quarters.
- EPS beats
- 97 / 132
- Revenue beats
- 85 / 116
- 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.
- +4.1%
- Since
- March 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 3 Nov 2026 | 0.89 | 0.81 | -9.0% | 1.80B | 1.80B | +0.1% |
| Q2 FY2026 | 5 Aug 2026 | 0.96 | 0.99 | +3.1% | 1.89B | 1.93B | +2.2% |
| Q1 FY2026 | 5 May 2026 | 1.18 | 1.23 | +4.2% | 2.00B | 2.04B | +2.0% |
| Q4 FY2025 | 5 Feb 2026 | 1.09 | 1.07 | -1.8% | 2.01B | 2.00B | -0.5% |
| Q3 FY2025 | 4 Nov 2025 | 0.81 | 0.85 | +4.9% | 1.78B | 1.80B | +1.3% |
| Q2 FY2025 | 6 Aug 2025 | 0.83 | 0.87 | +4.8% | 1.81B | 1.80B | -0.3% |
| Q1 FY2025 | 1 May 2025 | 1.06 | 1.12 | +5.7% | 1.80B | 1.90B | +5.5% |
| Q4 FY2024 | 6 Feb 2025 | 0.97 | 1.01 | +4.1% | 1.87B | 1.90B | +1.6% |
| Q3 FY2024 | 5 Nov 2024 | 0.78 | 0.80 | +2.6% | 1.74B | 1.76B | +1.3% |
| Q2 FY2024 | 1 Aug 2024 | 0.80 | 0.85 | +6.2% | 1.76B | 1.76B | +0.1% |
| Q1 FY2024 | 2 May 2024 | 0.94 | 1.11 | +18.1% | 1.86B | 1.91B | +2.6% |
| Q4 FY2023 | 8 Feb 2024 | 0.92 | 0.98 | +6.5% | 1.87B | 1.84B | -1.6% |
Thomson Reuters 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 Thomson Reuters's earnings keep growing at the 10.6% a year analysts expect to FY2028, it would earn about 6.46 a share in FY2030. At the P/E it has traded at over the last five years (11.0 to 45.4) that is 71.35 to 293.22 a share, or 199.07 at its average P/E of 30.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 3.93 | 43.36 | 120.96 | 178.17 |
| FY2027 | 4.62 | 50.99 | 142.26 | 209.55 |
| FY2028 | 5.29 | 58.36 | 162.83 | 239.85 |
| FY2029 (extrapolated) | 5.84 | 64.53 | 180.04 | 265.20 |
| FY2030 (extrapolated) | 6.46 | 71.35 | 199.07 | 293.22 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 10.6% 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 (11.0, 30.8, 45.4).
Is Thomson Reuters 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.
Thomson Reuters's P/E of 30.5 is below the middle of its 5-year range (20.0 to 69.1, median 32.8). 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 1.9 on expected growth against 4.5 on its median P/E and past five years' growth. Fair value is not a reliable guide for Thomson Reuters: its earnings swing (EPS fell 30.5% in FY2025), so its usual P/E would mislead. Its forward P/E, on the consensus for FY2026, is 27.8.
- 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.
- 30.53
- 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.
- 32.82
- Five-year P/E range
- 20.0 – 69.1
- 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.
- 27.84
- 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.
- 2.89
- 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.
- +5.2%
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 |
|---|---|---|---|
| 35.760 | 71.4258Price 35.76193 | +99.7% | |
| 29.080 | 56.2434Price 29.0896 | +93.4% | |
| 240.360 | 464.26205Price 240.36627 | +93.2% | |
| 202.040 | 384.58163Price 202.042,644 | +90.3% | |
| 161.340 | 305.52160Price 161.34396 | +89.4% | |
| 125.395 | 237.44178Price 125.40297 | +89.4% | |
| 159.580 | 300.48225Price 159.58376 | +88.3% |
Furthest below the fair value on each stock's page, updated every day.