Rockwell Automation (ROK) Stock Forecast & Price Target

$280.08 +1.94 (+0.70%)

(As of 11/20/2024 ET)

Rockwell Automation - Analysts' Recommendations and Stock Price Forecast (2024)

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

Hold

Based on 15 Analyst Ratings

Sell
3

Hold
6

Buy
6

Based on 15 Wall Street analysts who have issued ratings for Rockwell Automation in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 3 have given a sell rating, 6 have given a hold rating, and 6 have given a buy rating for ROK.

Consensus Price Target

$286.13
2.16% Upside

According to the 15 analysts' twelve-month price targets for Rockwell Automation, the average price target is $286.13. The highest price target for ROK is $345.00, while the lowest price target for ROK is $215.00. The average price target represents a forecasted upside of 2.16% from the current price of $280.08.

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ROK Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$286.13	$286.47	$280.14	$299.20
Forecasted Upside	2.16% Upside	6.58% Upside	3.38% Upside	9.68% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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ROK 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.

ROK 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.

Rockwell Automation Stock vs. The Competition

Type	Rockwell Automation	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.20	2.68	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	2.16% Upside	550.20% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent ROK 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
11/15/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$320.00 ➝ $335.00	+17.47%
11/13/2024	BNP Paribas 3 of 5 stars	A. Buscaglia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$345.00	+24.15%
11/13/2024	UBS Group 4 of 5 stars		Initiated Coverage	Buy ➝ Neutral	$313.00	+12.64%
11/8/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$245.00 ➝ $255.00	-6.56%
11/8/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$288.00 ➝ $300.00	+8.82%
11/8/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$280.00 ➝ $290.00	+4.66%
Get the Latest News and Ratings for ROK and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Rockwell Automation and its competitors with MarketBeat's FREE daily newsletter.
10/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$270.00 ➝ $285.00	+4.31%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$245.00 ➝ $270.00	-1.59%
10/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$293.00 ➝ $305.00	+14.14%
8/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$245.00 ➝ $227.00	-11.69%
8/8/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$220.00 ➝ $215.00	-16.87%
7/8/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Radbourne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$256.00	-3.06%
5/14/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Dankert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$300.00 ➝ $290.00	+7.01%
5/8/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$322.00 ➝ $316.00	+15.50%
3/6/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$330.00 ➝ $290.00	+0.81%
11/3/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$350.00	+33.10%
10/2/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight ➝ Sector Weight
7/11/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
6/27/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$335.00	+5.31%
5/11/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$250.00 ➝ $290.00	+7.37%
4/12/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$272.00 ➝ $273.00	-1.98%
1/30/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform	$200.00 ➝ $220.00	-23.20%
1/27/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell	$238.00 ➝ $272.00	-3.50%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:29 AM ET.

Should I Buy Rockwell Automation Stock? ROK 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 Monday, November 4, 2024. Please send any questions or comments about these Rockwell Automation pros and cons to contact@marketbeat.com.

Rockwell Automation
Bull Case

Here are some ways that investors could benefit from investing in Rockwell Automation, Inc.:

Rockwell Automation, Inc. has a strong return on equity of 34.09%, indicating efficient use of shareholder funds to generate profits.
The company's recent earnings report exceeded analyst expectations, with earnings per share of $2.71 for the quarter, beating estimates by $0.63.
Rockwell Automation, Inc. has authorized a share buyback program of $1.00 billion, signaling confidence in the company's value and potential for growth.
Despite recent price target reductions, the stock has a consensus target price of $282.80, suggesting potential upside from the current price level.
Rockwell Automation, Inc. operates in multiple regions globally, providing diversification and exposure to various markets.

Rockwell Automation
Bear Case

Investors should be bearish about investing in Rockwell Automation, Inc. for these reasons:

Multiple analysts have issued sell ratings on the stock, indicating concerns about the company's performance and outlook.
The company's revenue for the quarter was down 8.4% year-over-year, reflecting potential challenges in maintaining growth.
Rockwell Automation, Inc. has a relatively high price-to-earnings ratio of 26.00, which may suggest the stock is currently overvalued.
Barclays and JPMorgan Chase & Co. have set underweight ratings on the stock, highlighting potential downside risk.
The stock's 50-day moving average price is below the current trading price, indicating a possible short-term bearish trend.

ROK Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Rockwell Automation is $286.13, with a high forecast of $345.00 and a low forecast of $215.00.
: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ROK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROK, but not buy additional shares or sell existing shares.
: According to analysts, Rockwell Automation's stock has a predicted upside of 2.16% based on their 12-month stock forecasts.
: Over the previous 90 days, Rockwell Automation's stock had 1 upgrade by analysts.
: Rockwell Automation has been rated by research analysts at Bank of America, Barclays, BNP Paribas, Mizuho, Morgan Stanley, Oppenheimer, Robert W. Baird, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Rockwell Automation less than other "computer and technology" companies. The consensus rating for Rockwell Automation is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how ROK compares to other companies.

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This page (NYSE:ROK) was last updated on 11/21/2024 by MarketBeat.com Staff

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Rockwell Automation (ROK) Stock Forecast & Price Target