IDEX, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Joseph C Giordano from TD Cowen maintained a Buy rating on the stock and has a $200.00 price target.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Joseph C Giordano’s rating is based on the stabilization of IDEX’s end markets and internal operations, which presents an opportunity given the company’s current valuation compared to historical and peer benchmarks. The stock has been lagging behind key customers, but with orders and revenues expected to accelerate into 2027, there is potential for significant upside.
Giordano notes that IDEX has overcome recent challenges and is now poised for growth, with orders improving and revenues aligning with order levels. The company’s valuation is at a historical low, offering downside protection and upside potential as operational momentum becomes sustainable. Additionally, the recovery in key markets such as life sciences and semiconductors, along with internal strategic changes focusing on growth, supports the positive outlook for IDEX’s future performance.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IEX in relation to earlier this year.