
- Royal Bank of Canada (RY) is Canada’s largest bank, showing strong technical momentum.
- RY has gained 34% over the past year and made 17 new highs in the past month.
- Consensus analyst ratings are overwhelmingly positive, with multiple “Strong Buy” opinions and price targets up to $269.
- Revenue and earnings are projected to grow steadily in 2024 and 2025, but Morningstar cautions RY is 35% overvalued after its recent run.