Analyst Scoreboard: 6 Ratings For Roper Techs
Portfolio Pulse from Benzinga Insights
In the last three months, 6 analysts have published diverse ratings on Roper Techs (NASDAQ:ROP), with 4 somewhat bullish and 2 indifferent. The average 12-month price target is $564.17, up 2.69% from the previous target. Analysts from Wells Fargo and RBC Capital raised their price targets, while TD Cowen and Mizuho maintained or raised their ratings with different price targets. Roper is a diversified tech company focusing on software and technology-enabled products, with strong revenue growth and net margin but below-average ROE and ROA.
January 22, 2024 | 2:00 pm
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Analysts have a somewhat bullish outlook on Roper Techs with an increased average price target of $564.17. The company shows strong revenue growth and net margin, but has challenges with ROE and ROA.
The somewhat bullish ratings and the increase in the average price target suggest a positive sentiment among analysts, which could lead to a short-term positive impact on ROP's stock price. The strong revenue growth and net margin are positive indicators, while the below-average ROE and ROA are areas of concern that might temper investor enthusiasm. However, the overall positive shift in analyst sentiment is likely to have a more significant impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100