, an analyst from J.P. Morgan, has initiated a new Buy rating on Badger Meter (BMI).
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JPMorgan’s rating is based on Badger Meter’s strategic positioning within the water technology sector, which is expected to benefit from several long-term trends. The company is seen as a leader in water metering innovation, with a strong focus on advanced metering infrastructure (AMI), water quality, and aging infrastructure solutions. This positions Badger Meter to capitalize on the growing demand for sustainable water management solutions.
Furthermore, JPMorgan highlights the company’s potential for growth through its BlueEdge product portfolio, which could expand both organically and through strategic acquisitions. The recent pullback in share price is viewed as an opportunity, given the company’s market-leading solutions in cellular AMI and software offerings. The structural shift towards higher-value products, such as ultrasonic meters, is expected to drive revenue growth and margin expansion, supporting the Buy rating with a price target of $230 by the end of 2026.
In another report released on August 25, Seaport Global also maintained a Buy rating on the stock with a $255.00 price target.