Dover (DOV) Stock Forecast & Price Target

$189.27 +0.33 (+0.17%)

(As of 12/20/2024 05:31 PM ET)

Dover - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
4

Buy
8

Based on 12 Wall Street analysts who have issued ratings for Dover in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 4 have given a hold rating, and 8 have given a buy rating for DOV.

Consensus Price Target

$213.91
13.02% Upside

According to the 12 analysts' twelve-month price targets for Dover, the average price target is $213.91. The highest price target for DOV is $236.00, while the lowest price target for DOV is $193.00. The average price target represents a forecasted upside of 13.02% from the current price of $189.27.

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DOV Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$213.91	$208.40	$192.63	$163.92
Forecasted Upside	13.02% Upside	2.94% Upside	1.85% Upside	7.18% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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DOV Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DOV Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Dover Stock vs. The Competition

Type	Dover	Industrial Products Companies	S&P 500
Consensus Rating Score	2.67	2.60	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	13.02% Upside	47.16% Upside	14.52% Upside
News Sentiment Rating	Neutral News See Recent DOV News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/12/2024	The Goldman Sachs Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$202.00 ➝ $223.00	+10.60%
12/9/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$226.00 ➝ $236.00	+16.95%
12/5/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$190.00 ➝ $205.00	+1.40%
11/13/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Mehrotra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$217.00	+7.23%
10/28/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Coe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$227.00	+21.40%
10/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$210.00 ➝ $212.00	+12.89%
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10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $220.00	+14.11%
10/16/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$210.00 ➝ $215.00	+12.40%
9/30/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$190.00 ➝ $197.00	+2.76%
7/26/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$192.00 ➝ $193.00	+2.99%
7/22/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$208.00 ➝ $208.00	+14.85%
2/5/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Liptak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$147.00 ➝ $145.00	-1.31%
4/11/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$180.00 ➝ $200.00	+36.40%
3/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$174.00	+15.93%
2/1/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight	$144.00 ➝ $152.00	-1.54%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:48 AM ET.

Should I Buy Dover Stock? DOV Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Dover pros and cons to contact@marketbeat.com.

Dover
Bull Case

Here are some ways that investors could benefit from investing in Dover Co.:

Dover Co. has shown strong institutional support, with 84.46% of its stock owned by institutional investors, indicating confidence in the company's future performance.
The stock is currently trading at $201.66, which is near its 52-week high of $208.26, suggesting strong market interest and potential for further appreciation.
Recent analyst upgrades have increased target prices, with Barclays raising its target from $190.00 to $205.00, reflecting positive sentiment and expectations for growth.
Dover Co. has a solid dividend yield of 1.02%, with a quarterly dividend of $0.515 per share, providing a steady income stream for investors.
The company has demonstrated resilience with a market cap of $27.67 billion and a manageable debt-to-equity ratio of 0.53, indicating financial stability and lower risk.

Dover
Bear Case

Investors should be bearish about investing in Dover Co. for these reasons:

The stock has a relatively high price-to-earnings (P/E) ratio of 18.01, which may suggest that it is overvalued compared to its earnings, potentially limiting upside for new investors.
Despite recent growth, the company faces competition in the industrial products sector, which could impact its market share and profitability.
The PEG ratio of 2.71 indicates that the stock may be expensive relative to its expected earnings growth, which could deter value-focused investors.
Market volatility and economic uncertainties could adversely affect the stock's performance, making it a riskier investment in the current climate.
Recent fluctuations in trading volume, with only 252,724 shares traded on a day when the average volume is 939,367, may indicate reduced investor interest or liquidity issues.

DOV Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Dover is $213.91, with a high forecast of $236.00 and a low forecast of $193.00.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dover in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DOV shares.
: According to analysts, Dover's stock has a predicted upside of 13.02% based on their 12-month stock forecasts.
: Over the previous 90 days, Dover's stock had 1 upgrade by analysts.
: Dover has been rated by research analysts at Barclays, Citigroup, JPMorgan Chase & Co., Mizuho, Oppenheimer, The Goldman Sachs Group, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Dover more than other "industrial products" companies. The consensus rating score for Dover is 2.67 while the average consensus rating score for "industrial products" companies is 2.60. Learn more on how DOV compares to other companies.

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This page (NYSE:DOV) was last updated on 12/21/2024 by MarketBeat.com Staff

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Dover (DOV) Stock Forecast & Price Target