Bank of America Securities analyst Andrew Obin reiterated a Buy rating on Rockwell Automation yesterday and set a price target of $410.00.
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Andrew Obin’s rating is based on Rockwell Automation’s strong financial performance and strategic improvements. The company reported an adjusted EPS for the third quarter of fiscal 2025 that exceeded both the forecast and consensus estimates, driven by growth in the Software & Control segment and effective cost reduction strategies. This performance indicates a positive trajectory, with the company achieving significant cost savings earlier than anticipated, which is expected to enhance profitability.
Furthermore, Rockwell Automation has raised its guidance for the fiscal year, reflecting confidence in continued growth despite some challenges in specific segments like Lifecycle Services. The company’s ability to maintain a stable book-to-bill ratio and the return to growth in key areas are seen as positive indicators. These factors, combined with a favorable price objective, support Andrew Obin’s Buy rating on the stock.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $380.00 price target.
ROK’s price has also changed moderately for the past six months – from $268.720 to $328.670, which is a 22.31% increase.