Roper Technologies (ROP) Stock Forecast & Price Target

$558.09 -2.05 (-0.37%)

(As of 08:20 PM ET)

Roper Technologies - 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

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
3

Buy
9

Based on 12 Wall Street analysts who have issued ratings for Roper Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 3 have given a hold rating, 7 have given a buy rating, and 2 have given a strong buy rating for ROP.

Consensus Price Target

$620.80
11.24% Upside

According to the 12 analysts' twelve-month price targets for Roper Technologies, the average price target is $620.80. The highest price target for ROP is $666.00, while the lowest price target for ROP is $535.00. The average price target represents a forecasted upside of 11.24% from the current price of $558.09.

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ROP Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	9 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 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	$620.80	$620.80	$616.00	$529.20
Forecasted Upside	11.24% Upside	14.54% Upside	11.76% Upside	0.69% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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ROP 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.

ROP 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.

Roper Technologies Stock vs. The Competition

Type	Roper Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.92	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	10.33% Upside	524.99% Upside	6.58% Upside
News Sentiment Rating	Very Positive News See Recent ROP 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
10/24/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$675.00 ➝ $666.00	+22.16%
10/24/2024	Truist Financial 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$660.00 ➝ $665.00	+21.42%
10/24/2024	Robert W. Baird 2 of 5 stars		Boost Target	Outperform ➝ Outperform	$635.00 ➝ $652.00	+20.09%
10/17/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$530.00 ➝ $565.00	+0.74%
8/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$625.00 ➝ $635.00	+16.18%
7/25/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Vruwink Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
Get the Latest News and Ratings for ROP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Roper Technologies and its competitors with MarketBeat's FREE daily newsletter.
7/25/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$650.00 ➝ $630.00	+16.16%
7/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$611.00 ➝ $625.00	+13.01%
6/13/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
2/2/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$572.00 ➝ $620.00	+13.59%
1/22/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$560.00 ➝ $615.00	+12.13%
1/4/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$535.00	+0.75%
7/24/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$490.00 ➝ $550.00	+9.87%
5/2/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform	$490.00 ➝ $525.00	+14.47%
3/22/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$385.00 ➝ $420.00	-2.43%
12/15/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$423.00 ➝ $468.00	+8.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:40 PM ET.

Should I Buy Roper Technologies Stock? ROP 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 Sunday, November 24, 2024. Please send any questions or comments about these Roper Technologies pros and cons to contact@marketbeat.com.

Roper Technologies
Bull Case

Here are some ways that investors could benefit from investing in Roper Technologies, Inc.:

Roper Technologies, Inc. recently reported strong quarterly earnings, with earnings per share of $4.62, exceeding analysts' expectations of $4.53. This indicates robust financial performance and effective management.
The company has shown a significant revenue increase of 11.7% compared to the same quarter last year, reaching $1.75 billion, which reflects its growth potential and market demand for its products.
Roper Technologies, Inc. has a current stock price of $560.14, which is near its 52-week high of $579.10, suggesting strong investor confidence and market interest.
Analysts have a consensus rating of "Moderate Buy" for Roper Technologies, Inc., with a target price averaging $620.80, indicating potential for price appreciation.
The company has recently increased its quarterly dividend from $0.75 to $0.825, representing a positive change and a yield of 0.60%, which can attract income-focused investors.

Roper Technologies
Bear Case

Investors should be bearish about investing in Roper Technologies, Inc. for these reasons:

The stock has a relatively high price-to-earnings (P/E) ratio of 40.08, which may indicate that it is overvalued compared to its earnings, potentially leading to a price correction.
Roper Technologies, Inc. has a debt-to-equity ratio of 0.41, which, while manageable, suggests that the company is using some leverage that could pose risks in a rising interest rate environment.
Despite the positive earnings report, the stock price has shown volatility, trading down to $547.96 recently, which may concern risk-averse investors.
With a current ratio of 0.48 and a quick ratio of 0.44, the company may face liquidity challenges, indicating that it might struggle to cover short-term liabilities.
Some analysts have downgraded their price targets, with Royal Bank of Canada reducing theirs from $675.00 to $666.00, which could signal a lack of confidence in the stock's near-term performance.

ROP Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Roper Technologies is $620.80, with a high forecast of $666.00 and a low forecast of $535.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Roper Technologies in the last twelve months. There are currently 3 hold ratings, 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ROP shares.
: According to analysts, Roper Technologies's stock has a predicted upside of 11.24% based on their 12-month stock forecasts.
: Roper Technologies has been rated by research analysts at Mizuho, Robert W. Baird, Royal Bank of Canada, and Truist Financial in the past 90 days.
: Analysts like Roper Technologies more than other "computer and technology" companies. The consensus rating score for Roper Technologies is 2.92 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how ROP compares to other companies.

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This page (NYSE:ROP) was last updated on 11/25/2024 by MarketBeat.com Staff

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Roper Technologies (ROP) Stock Forecast & Price Target