Should You Buy Royal Bank of Canada (RY) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/26
Royal Bank of Canada (RY) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock demonstrates strong financial performance, positive analyst sentiment, and stable long-term growth prospects. Despite neutral technical indicators, the SwingMax signal and strong fundamentals make it a favorable choice for long-term investment.
Technical Analysis
The MACD is negative (-0.702) but contracting, RSI is neutral at 58.415, and moving averages are converging. The stock is trading near its pivot level of 168.394, with resistance at 169.918 and support at 166.869. Overall, technical indicators suggest a neutral trend.
Analyst Ratings and Price Target Trends
Analysts are highly positive on RY, with multiple firms raising price targets recently. Scotiabank, TD Securities, and BofA have all issued Buy or Outperform ratings, citing strong financial performance, stable credit outlook, and growth prospects. The average price target is significantly above the current price, indicating upside potential.
Wall Street analysts forecast RY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RY is 168.73 USD with a low forecast of 158.37 USD and a high forecast of 177.08 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast RY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RY is 168.73 USD with a low forecast of 158.37 USD and a high forecast of 177.08 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 166.580
Current: 166.580
