RBC raises target for Thomson Reuters stock from USD 124.00 to USD 130.00

Published on 10/29/2026 at 14:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are set for November 3, 2026 after the print sale. Thomson Reuters stock costs EUR 105.60 on October 29, 2026.

Transaction and reporting dates

Thomson Reuters sold 51% of its Global Print business on October 1, 2026.
Third-quarter 2026 results are scheduled for November 3, 2026.
Westbridge Print will pay a 20% royalty on Professional revenue under the new arrangement.

TRI, CA8849038812, Illustration mit AI erstellt.

Thomson Reuters (ISIN CA8849038812) drew a higher valuation from RBC Dominion Securities on October 28, 2026, when the broker lifted its target from USD 124.00 to USD 130.00 and kept an Outperform rating, as MarketBeat reported. The change gives the stock a fresh analyst benchmark ahead of the company's next results.

What changes after the print sale?

The strategic backdrop is a reporting reset. Thomson Reuters sold 51% of its Global Print business to KKR-linked capital accounts on October 1, 2026, forming the Westbridge Print joint venture, according to the company's Thomson Reuters release dated October 19, 2026. Global Print will be reported as discontinued operations from the third quarter of 2026.

The new structure also changes the revenue mix. Westbridge Print will pay Thomson Reuters a 20% royalty on Professional revenue for an exclusive intellectual-property license, while a multiyear transition-services agreement will reimburse Thomson Reuters for selected costs. The company said the transaction should add 60 to 70 basis points to annual organic revenue growth, with the margin effect expected to be neutral after the separation.

Three events shape the timeline

On October 1, 2026, Thomson Reuters completed the 51% Global Print sale. On October 19, 2026, it issued supplemental information covering the revised presentation of 2025 and 2026 results. On October 28, 2026, RBC Dominion Securities raised its target from USD 124.00 to USD 130.00. The sequence moves the investor debate from transaction mechanics to the coming earnings update.

Which date comes next?

Thomson Reuters is scheduled to report third-quarter 2026 earnings on November 3, 2026 at 8:30 a.m. Eastern Time, according to its Thomson Reuters investor-relations page. The release will include a revised full-year 2026 outlook that reflects the Global Print separation.

Stock valuation before results

For investors, the key test is whether the new reporting structure clarifies the recurring software and information businesses without obscuring the near-term comparison base. RBC's USD 130.00 target and the scheduled November 3 report provide two concrete reference points, while the royalty and transition arrangements define the first post-sale margin read-through.

Thomson Reuters was trading at EUR 105.60 at Lang & Schwarz on October 29, 2026 at 2:30 p.m. CET. The primary listing is on Nasdaq and the TSX, while the company reports its operating developments through its professional information, software and media businesses. The further course of trading is shown by the continuously updated real-time quote of Thomson Reuters stock.