Roper Technologies downgraded to Hold from Buy at Stifel

Stifel downgraded Roper Technologies (ROP) to Hold from Buy with a price target of $385, down from $550, post the Q4 report. The company’s Q3 issues persisted into Q4 as its 4% organic revenue growth fell short of the Street’s 5.5% expectation, the analyst tells investors in a research note. Stifel attributes the miss to another quarter of softer Deltek performance, continued tariff-related weakness in Neptune and lower networking perpetual-license revenue. While much of the bad news is now priced in, Roper’s 2026 outlook “does not appear fully de-risked” as it assumes a second half growth acceleration, contends the firm. It cites a lack of near-term catalysts for the downgrade.