Thomson Reuters

TRI · TORONTO

$123.17−$0.09 (−0.07%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $123.26

TRI analyst rating

BuyConsensus of 13 analysts over the last 12 months. 62% rate it a buy.

Strong buy0
Buy8
Hold5
Underperform0
Sell0

12-month price target · 17 analysts

Average $88.83 (−27.9% downside)

Low: $71.91
Now: $123.17
High: $106.33

Upgrades and downgrades

The latest rating actions, newest first

TRI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jefferies	Oct 20, 2026	Initiates	Buy	$130.00	46%
Morgan Stanley	Oct 13, 2026	Maintains	Equal-Weight	$116.00 → $110.00	48%
Barclays	Sep 8, 2026	Maintains	Overweight	$140.00 → $130.00	65%
RBC Capital	Aug 6, 2026	Maintains	Outperform	$121.00 → $124.00	55%
Wells Fargo	Jun 30, 2026	Maintains	Equal-Weight	$97.00 → $85.00	48%
B of A Securities	May 19, 2026	Maintains	Neutral	$115.00 → $98.00	39%
Barclays	May 8, 2026	Maintains	Overweight	$170.00 → $140.00	65%
Scotiabank	May 6, 2026	Maintains	Sector Outperform	$156.00 → $138.00	53%
Wells Fargo	May 6, 2026	Maintains	Equal-Weight	$87.00 → $97.00	48%
UBS	Apr 23, 2026	Maintains	Buy	$215.00 → $183.00	48%

The case for and against

Updated Jul 28, 2026

Bull case

Thomson Reuters is expecting continued growth through the use of AI technology and potential monetization of LSEG holdings, but may face challenges in accurately predicting the impact of AI on the professional services industry. While they have plans to maintain market share and increase revenue through bundling and cross-selling, they face competition from more advanced AI-native alternatives. However, with a strong market position and plans for accelerated AI deployment and increased diversity in leadership, the company is recommended for investment with a stable rating.

Bear case

Thomson Reuters is facing a potentially disruptive period of accelerated structural change for professional services end-markets as the industry evolves into an agentic AI-driven environment. While management's "Build, Partner, Buy" strategy and product innovations such as CoCounsel and ONE+SOURCE have shown promise, the unknowns of AI and its effect on market structure and customer behavior leave the stock with an uncertain growth and risk profile, leading to a negative outlook from a financial analyst's perspective.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.