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Rockwell Automation (ROK) Stock Forecast & Price Target

$270.61
-0.55 (-0.20%)
(As of 09/27/2024 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

Sell
3
Hold
7
Buy
6

Based on 16 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 16 analysts, 3 have given a sell rating, 7 have given a hold rating, and 6 have given a buy rating for ROK.

Consensus Price Target

$282.80
4.50% Upside
According to the 16 analysts' twelve-month price targets for Rockwell Automation, the average price target is $282.80. The highest price target for ROK is $360.00, while the lowest price target for ROK is $215.00. The average price target represents a forecasted upside of 4.50% from the current price of $270.61.
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ROK Analyst Ratings Over Time

TypeCurrent Forecast
9/30/23 to 9/29/24
1 Month Ago
8/31/23 to 8/30/24
3 Months Ago
7/2/23 to 7/1/24
1 Year Ago
9/30/22 to 9/30/23
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)
5 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
7 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
2 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$282.80$280.14$305.08$289.00
Forecasted Upside4.50% Upside2.98% Upside14.90% Upside1.09% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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Rockwell Automation Stock vs. The Competition

TypeRockwell AutomationIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.19
2.57
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside4.50% Upside46.94% Upside6.16% Upside
News Sentiment Rating
Positive News

See Recent ROK News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/6/2024Morgan Stanley
3 of 5 stars
 Initiated CoverageOverweight$320.00+24.55%
8/12/2024JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetUnderweight ➝ Underweight$245.00 ➝ $227.00-11.69%
8/8/2024TD Cowen
4 of 5 stars
 Lower TargetSell ➝ Sell$220.00 ➝ $215.00-16.87%
8/8/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$300.00 ➝ $270.00+4.83%
8/8/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$304.00 ➝ $280.00+8.58%
8/8/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$305.00 ➝ $293.00+16.75%
8/8/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$295.00 ➝ $270.00+8.26%
7/10/2024Barclays
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 Lower TargetUnderweight ➝ Underweight$250.00 ➝ $245.00-7.55%
7/8/2024Redburn Atlantic
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R. Radbourne
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Initiated CoverageNeutral$256.00-3.06%
5/14/2024Loop Capital
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C. Dankert
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Lower TargetHold ➝ Hold$300.00 ➝ $290.00+7.01%
5/8/2024Citigroup
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 Lower TargetBuy ➝ Buy$322.00 ➝ $316.00+15.50%
5/8/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$265.00 ➝ $260.00-4.43%
3/6/2024Berenberg Bank
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 Reiterated RatingBuy ➝ Hold$330.00 ➝ $290.00+0.81%
1/3/2024UBS Group
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 UpgradeNeutral ➝ Buy$305.00 ➝ $360.00+17.59%
11/3/2023Stephens
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 Reiterated RatingEqual Weight ➝ Equal Weight$350.00+33.10%
10/2/2023KeyCorp
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 Initiated CoverageSector Weight ➝ Sector Weight
7/11/2023Wolfe Research
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 UpgradeUnderperform ➝ Peer Perform
6/27/2023Jefferies Financial Group
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 Initiated CoverageHold$335.00+5.31%
5/11/2023Sanford C. Bernstein
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 Boost Target$250.00 ➝ $290.00+7.37%
4/12/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetHold$272.00 ➝ $273.00-1.98%
1/30/2023Cowen
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 Boost TargetUnderperform$200.00 ➝ $220.00-23.20%
1/27/2023The Goldman Sachs Group
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 Boost TargetSell$238.00 ➝ $272.00-3.50%
11/3/2022Credit Suisse Group
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 Boost TargetNeutral$241.00 ➝ $243.00-0.71%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:24 PM 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 Saturday, September 21, 2024. Please send any questions or comments about these Rockwell Automation pros and cons to contact@marketbeat.com.

Rockwell Automation
Bull Case

green Wall Street bull icon

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, beating estimates by $0.63, showcasing positive financial performance.
  • Rockwell Automation, Inc. has a diversified geographic presence across North America, Europe, Asia Pacific, and Latin America, reducing exposure to regional economic fluctuations.
  • The stock is currently trading at $259.25, showing potential for growth based on historical price movements and analyst projections.
  • Rockwell Automation, Inc. operates through segments like Intelligent Devices, Software & Control, and Lifecycle Services, providing a comprehensive suite of industrial automation solutions.

Rockwell Automation
Bear Case

red Wall Street bear icon

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

  • Multiple analysts have issued a "sell" rating for the stock, indicating concerns about the company's future performance and growth potential.
  • Recent price target reductions by various financial institutions suggest a lack of confidence in the stock's ability to outperform in the near term.
  • Rockwell Automation, Inc. experienced an 8.4% decline in revenue year-over-year, signaling potential challenges in maintaining revenue growth.
  • The company's stock has a beta of 1.37, indicating higher volatility compared to the market average, which may lead to increased risk for investors.
  • Rockwell Automation, Inc. has a debt-to-equity ratio of 0.73, which could pose risks in case of economic downturns or financial instability.

ROK Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Rockwell Automation is $282.80, with a high forecast of $360.00 and a low forecast of $215.00.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rockwell Automation in the last year. There are currently 3 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 4.50% based on their 12-month stock forecasts.

Rockwell Automation has been rated by research analysts at Bank of America, Barclays, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Redburn Atlantic, Robert W. Baird, TD Cowen, and Wells Fargo & Company in the past 90 days.

Analysts like Rockwell Automation less than other "industrial products" companies. The consensus rating for Rockwell Automation is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how ROK compares to other companies.


This page (NYSE:ROK) was last updated on 9/29/2024 by MarketBeat.com Staff
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