Evercore Cuts T. Rowe Price Target to $106 After Q4 $56.9B Net Outflows
Evercore ISI cut T. Rowe Price’s price target to $106 from $116 and flagged $56.9 billion in Q4 net equity outflows despite AUM rising to $1.78 trillion. T. Rowe Price’s 401(k) report shows savers using its advice and tools save 29% more and hold twice the average balance, though only 13.8% engage.
1. Evercore ISI Lowers Price Target on Equity Outflows
On February 5, Evercore ISI reduced its price target for T. Rowe Price to $106 from $116 while maintaining an In Line rating, citing $56.9 billion in Q4 net equity outflows as a significant concern for fee revenue.
2. Q4 AUM Growth and Outflow Dynamics
T. Rowe Price ended 2025 with $1.78 trillion in assets under management, up more than 10% year-over-year, yet experienced $56.9 billion of net outflows as investors rebalanced portfolios amid market rotations.
3. Expansion in ETFs and Strategic Partnerships
In 2025 the firm launched 13 new ETFs to bring its lineup to 30 funds and push ETF assets past $21 billion, while forging co-branded model portfolio partnerships with Goldman Sachs and announcing a strategic alliance with First Abu Dhabi Bank.
4. Retirement Benchmark Report Highlights Advice Impact
T. Rowe Price’s annual 401(k) benchmarking report, covering over 2 million participants, found that those using its advice, education or tools saved 29% more and held twice the average balance, though only 13.8% of participants currently engage with these resources.