T. Rowe Price seen as undervalued with 15-20% upside due to stable assets and strong cash flow.

T. Rowe Price is considered undervalued with a buy rating and potential 15-20% price upside, driven by slower-than-feared asset outflows and a stable, retirement-focused asset base. Two-thirds of its assets under management are in long-duration, sticky channels, supporting future profits. The company has improved its operating margin from 34.9% to 37.1%, backed by disciplined expenses, revenue growth, and a debt-free balance sheet that funds a nearly 5% dividend yield. The valuation upside is expected from strong near-term cash flow and capital returns rather than multiple expansion, though risks remain if outflows accelerate or investment performance weakens.

T. Rowe Price is trading at USD 103.97 on Pluang, down 0.51% as of Sep 15, 2026 19:02 WIB. The stock offers a dividend yield of 4.91% and has a market cap of $22.57 billion at this time.