Joseph C Giordano, an analyst from TD Cowen, maintained the Buy rating on Roper Technologies. The associated price target was lowered to $625.00.
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 has given his Buy rating due to a combination of factors influencing Roper Technologies’ stock. He acknowledges that external events have temporarily impacted the company’s organic growth trajectory, which is essential for a positive re-rating of the shares. However, Giordano believes that these challenges, such as government shutdowns and tariff delays, are likely to stabilize over time, allowing the company to demonstrate its core growth potential as mergers and acquisitions are integrated.
Despite the current pressures, Giordano expresses confidence in the management team’s ability to navigate these challenges, noting that the stock’s valuation is relatively attractive, trading at less than 20 times forward free cash flow. He has made slight adjustments to estimates and price targets to align with the current market outlook, setting a target price of $625, which assumes a valuation of slightly over 25 times free cash flow.
According to TipRanks, C Giordano is a 5-star analyst with an average return of 11.6% and a 59.94% success rate. C Giordano covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Mueller Water Products, and Watts Water Technologies.
In another report released today, Oppenheimer also reiterated a Buy rating on the stock with a $570.00 price target.