Joseph C Giordano, an analyst from TD Cowen, maintained the Buy rating on Ralliant Corporation. The associated price target remains the same with $64.00.
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Joseph C Giordano has given his Buy rating due to a combination of factors that highlight Ralliant Corporation’s promising outlook. The company is beginning to meet its public commitments and is managing expectations effectively, which bodes well for its future performance. The trajectory towards 2026 appears favorable as the Test & Measurement (T&M) segment shows sequential improvement with expanding margins, while the Software & Services Solutions (S&SS) segment continues to perform robustly.
Moreover, Ralliant’s shares are currently undervalued compared to its peers in the T&M and industrial sectors, presenting a potential re-rating opportunity. The earnings per share (EPS) is projected to grow by nearly 20% year-over-year in the second half of 2026, with an anticipated organic revenue growth of approximately 5% for the following year. The company’s margins are expected to improve significantly, with T&M margins potentially reaching 20% by the end of 2026. Despite a conservative approach to top-line projections, the focus on higher margins offsets this, and the S&SS segment is expected to grow strongly next year with high margins. These factors collectively underpin Giordano’s positive outlook on Ralliant’s stock.
In another report released on November 7, Barclays also maintained a Buy rating on the stock with a $59.00 price target.