Thomson Reuters Corporation (NYSE:TRI) received an upgrade from RBC Capital analyst Drew McReynolds on February 10, with a price target of $126. The upgrade was due to a recent drop in the stock triggered by concerns over AI disruption in legal services.

McReynolds sees Thomson Reuters’ pullback as an opportunity for upside potential, especially with agentic AI potentially changing the landscape of legal and tax services. The analyst believes this shift could lead to greater growth prospects over the next few years.

Thomson Reuters’ current valuation at about 12.5 times forward EV/EBITDA reflects both the opportunities and risks tied to AI. Potential catalysts for the company include distancing itself from the AI disruption narrative and further expanding the market for legal and tax services.

Thomson Reuters Corporation (NYSE:TRI) is a Canadian company that provides news, information, and technology solutions to professionals in various industries globally. Its platforms, like Westlaw and Reuters News, are widely used by corporations, governments, and institutions for critical data and insights.

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Read more at Yahoo Finance: Thomson Reuters (TRI) Delivers Growth, Earns Analyst Upgrade