Thomson Reuters

Thomson Reuters gained 2.77% with strong pre-market trading (+3.27%) followed by profit-taking into the close, driven by solid Q1 fundamentals and AI tailwinds. First-quarter results beat expectations: revenue reached $2.087 billion (up 9.84% YoY), earnings per share climbed to $1.0295 (up 5.59% YoY), and operating profit surged 13.85% to $633 million with a net margin of 21.99%. The AI narrative gained traction with an expanded partnership with Anthropic, integrating CoCounsel with Claude to serve legal professionals. Bank of America set a $124.04 price target, implying meaningful upside from current levels. Regarding price positioning, the stock has fallen 32% year-to-date and trades at 85.74, hovering just 9.08% above its 52-week low of 78.60, now trading below both its 20 and 60-day moving averages, suggesting potential capitulation. Still, Q4 headwinds linger—EPS dropped 42.64% sequentially—and valuations remain full at PE 24.55 and PB 3.17, requiring sustained profit growth for recovery.