T. Rowe Price Group Inc

TROW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$385.00	Cvhvzn	Xzxjnpwlzq

T. Rowe Price: Lowering Fair Value Estimate 7% on Weaker Performance and Flows in September Quarter

Greggory Warren

Oct 12, 2023

We've lowered our fair value estimate for wide-moat-rated T. Rowe Price to $110 per share from $118 to account for revised near-term expectations about assets under management, revenue, and profitability since our last update. We view the shares as being slightly undervalued.

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