Analyst Joseph C Giordano from TD Cowen maintained a Buy rating on Roper Technologies (ROP – Research Report) and keeping the price target at $650.00.
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Joseph C Giordano has given his Buy rating due to a combination of factors that suggest positive future performance for Roper Technologies. One of the key reasons is the anticipated acceleration in the Application Software segment, with companies like Procare, Transact, and CentralReach expected to transition to organic growth within the next year.
Additionally, there is an expectation of earnings per share (EPS) momentum as the company reduces its debt or engages in further mergers and acquisitions. Despite some concerns, such as taking a point off Deltek, the overall outlook remains favorable, with the company poised to absorb deal dilution effectively.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $685.00 price target.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROP in relation to earlier this year.
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