Northern Trust Corporation — Wall Street Analyst Estimates & Price Targets

NTRS

NASDAQFinancial ServicesAsset ManagementCIK 0000073124northerntrust.comAbout NTRS

Last close · Oct 16, 2026165.54+0.10 (+0.06%)

Market cap$30.3B

6 firms' latest targets, last 90 days: median $186.00 ($173.00–$194.00), 12% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 6 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-06	Capital One Financial	$190.00	—	—	+12%	+15%
2026-10-01	Evercore ISI	$183.00	$179.00	▲ 2%	+8%	+11%
2026-07-23	Morgan Stanley	$173.00	$170.00	▲ 2%	-3%	+5%
2026-07-23	Wells Fargo	$194.00	$131.00	▲ 48%	+9%	+17%
2026-07-23	Barclays	$189.00	$160.00	▲ 18%	+6%	+14%
2026-07-22	RBC Capital	$178.00	$159.00	▲ 12%	+0%	+8%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2022reported	$4.4B	+2%	$6.14	-14%	est. $7.0B-37%	est. $7.30	3
2023reported	$4.4B	-2%	$5.08	-17%	est. $7.0B-37%	est. $6.11	9
2024reported	$4.7B	+8%	$9.77	+92%	est. $8.3B-43%	est. $7.80	4
2025reported	$5.0B	+6%	$8.74	-11%	est. $8.0B-38%	est. $8.68	6
2026	$9.5B	+89%	$11.53	+33%	$9.4B–$9.5B	$11.10–$12.67	8
2027	$9.5B	+0%	$12.80	+11%	$9.4B–$9.5B	$12.46–$12.97	8
2028	$10.0B	+6%	$14.32	+12%	$9.8B–$10.2B	$14.01–$15.22	6
2029	$10.7B	+7%	$17.05	+19%	$10.5B–$10.9B	$16.53–$17.44	4

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$186.00median target, 12% above the last close

Firms with a target · last 90 days: 6
Lowest – highest target: $173.00 – $194.00
Current grades of 13 firms: positive / neutral / negative: 3 / 8 / 2
Upgrades / downgrades · 12 months: 2 / 1
Consensus revenue growth · next 3 FY: +26% a year

Current grades

each firm's latest · 13 firms

As of	Firm	Grade
2026-10-06	BMO Capital	“Outperform”
2026-10-05	Citigroup	“Neutral”
2026-10-02	J.P. Morgan	“Neutral”
2026-10-01	Evercore ISI	“In Line”
2026-07-23	RBC Capital	“Sector Perform”
2026-07-23	Wells Fargo	“Equal Weight”
2026-07-23	Morgan Stanley	“Underweight”
2026-07-23	Barclays	“Equal Weight”
2026-07-09	Keefe, Bruyette & Woods	“Underperform”
2026-07-07	Bank of America	“Buy”

3 more

2026-06-26	Truist	“Hold”
2026-04-22	Goldman Sachs	“Neutral”
2026-01-26	TD Cowen	“Buy”

Grade changes

last 24 months · 7

Date	Firm	Grade
2026-07-23	RBC Capital	“Outperform” → “Sector Perform” downgrade
2026-04-06	Goldman Sachs	“Sell” → “Neutral” upgrade
2026-04-06	BMO Capital	“Market Perform” → “Outperform” upgrade
2025-07-24	Wolfe Research	“Underperform” → “Peer Perform” upgrade
2025-07-11	Keefe, Bruyette & Woods	“Market Perform” → “Underperform” downgrade
2025-04-07	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2024-12-09	Morgan Stanley	“Underweight” → “Equal Weight” upgrade

53 older than 24 months

2024-09-26	Goldman Sachs	“Neutral” → “Sell” downgrade
2024-01-30	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2024-01-09	Jefferies	“Hold” → “Buy” upgrade
2024-01-03	Wolfe Research	“Peer Perform” → “Underperform” downgrade
2023-10-19	Wells Fargo	“Overweight” → “Equal Weight” downgrade
2023-07-10	UBS	“Buy” → “Neutral” downgrade
2023-04-26	Seaport Global	“Buy” → “Neutral” downgrade
2023-04-10	J.P. Morgan	“Underweight” → “Neutral” upgrade
2023-01-04	Goldman Sachs	“Buy” → “Neutral” downgrade
2022-10-20	Deutsche Bank	“Buy” → “Hold” downgrade
2022-03-30	Goldman Sachs	“Neutral” → “Buy” upgrade
2022-01-11	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2022-01-05	Seaport Global	“Neutral” → “Buy” upgrade
2022-01-04	Goldman Sachs	“Sell” → “Neutral” upgrade
2021-10-08	UBS	“Neutral” → “Buy” upgrade
2021-10-07	Wolfe Research	“Underperform” → “Peer Perform” upgrade
2021-04-07	UBS	“Sell” → “Neutral” upgrade
2021-01-22	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2021-01-05	Goldman Sachs	“Neutral” → “Sell” downgrade
2020-12-18	Deutsche Bank	“Hold” → “Buy” upgrade
2020-12-11	Credit Suisse	“Neutral” → “Underperform” downgrade
2020-12-01	J.P. Morgan	“Neutral” → “Underweight” downgrade
2020-07-09	Wolfe Research	“Peer Perform” → “Underperform” downgrade
2020-07-08	Jefferies	“Hold” → “Buy” upgrade
2020-06-09	Morgan Stanley	“Underweight” → “Equal Weight” upgrade
2020-04-06	UBS	“Neutral” → “Sell” downgrade
2020-01-09	Buckingham Research	“Buy” → “Neutral” downgrade
2019-12-16	Citigroup	“Sell” → “Neutral” upgrade
2019-09-26	UBS	“Buy” → “Neutral” downgrade
2019-07-12	Citigroup	“Neutral” → “Sell” downgrade
2019-06-18	Deutsche Bank	“Buy” → “Hold” downgrade
2019-03-14	Buckingham	“Neutral” → “Buy” upgrade
2019-01-24	Raymond James	“Strong Buy” → “Market Perform” downgrade
2019-01-11	Bank of America	“Buy” → “Neutral” downgrade
2019-01-08	Jefferies	“Buy” → “Hold” downgrade
2018-11-07	Wells Fargo	“Market Perform” → “Outperform” upgrade
2018-10-18	Piper Sandler	“Hold” → “Buy” upgrade
2018-10-18	Sandler O'Neill	“Hold” → “Buy” upgrade
2018-04-02	Goldman Sachs	“Neutral” → “Buy” upgrade
2017-04-11	Jefferies	“Hold” → “Buy” upgrade
2016-06-28	Citigroup	“Sell” → “Neutral” upgrade
2016-04-20	Citigroup	“Neutral” → “Sell” downgrade
2016-01-22	Piper Sandler	“Hold” → “Buy” upgrade
2016-01-22	Sandler O'Neill	“Hold” → “Buy” upgrade
2016-01-21	RBC Capital	“Sector Perform” → “Outperform” upgrade
2015-10-13	Raymond James	“Outperform” → “Strong Buy” upgrade
2015-10-02	UBS	“Sell” → “Neutral” upgrade
2015-01-21	Credit Suisse	“Underperform” → “Neutral” upgrade
2014-09-24	Bank of America	“Neutral” → “Underperform” downgrade
2014-07-25	J.P. Morgan	“Underweight” → “Neutral” upgrade
2014-05-08	Evercore ISI	“Underperform” → “Equal Weight” upgrade
2014-03-11	UBS	“Neutral” → “Sell” downgrade
2013-12-13	Northern Trust Corp	“Neutral” → “Outperform” upgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.