Invesco (IVZ) Shares Jump 4.2% After RBC Upgrade, Price Target Raised to $35

Invesco (IVZ) shares rose 4.2% to $29.10 on January 21, 2026, after RBC Capital upgraded the stock from 'Sector Perform' to 'Outperform' and raised its price target to $35 from $25, citing improved organic growth prospects and potential margin expansion to 37%-38% by 2026/2027. The upgrade also reflected optimism around earnings growth following the reclassification of its QQQ ETF. RBC’s move aligns with broader positive sentiment, as the average 12-month price target for IVZ has increased over the past three months. Despite the jump, Invesco remains near its 52-week high of $29.44 set earlier in January. The stock is up 8% year-to-date. Although IVZ has seen 12 volatility spikes exceeding 5% over the past year, this rally suggests meaningful but not transformative market reassessment. Six days prior, the stock gained 3.5% after Barclays raised its target to $30 and Invesco announced a deal for CI Global Asset Management to assume management of its Canadian fund business, worth C$26 billion.