T. Rowe Price Group Inc

TROW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$666.00	Ktsqtq	Mfymhnskms

T. Rowe Price Earnings: Equity Outflows and Negative Operating Leverage Continue to Weigh

Greggory Warren

May 2, 2023

There was little in wide-moat T. Rowe Price's first-quarter results that would alter our long-term view of the firm, and we expect to leave our $110 fair value estimate in place. We view the shares as being about fairly valued right now, despite the selloff after the earnings release.

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