Jefferies lowered the firm’s price target on Roper Technologies (ROP) to $650 from $685 and keeps a Buy rating on the shares. The company’s Q3 organic growth missed consensus and its FY25 guide was lowered as tariffs and the government shutdown weighed on Deltek/Neptune, the analyst tells investors in a research note. Jefferies adds however that the underlying business remains healthy, supported by stable retention, competitive dynamics and $3B authorization of Roper’s first buyback.
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Read More on ROP:
- Roper Technologies: Buy Rating Affirmed Amid Temporary Growth Challenges and Attractive Valuation
- Roper Technologies price target lowered to $570 from $640 at Oppenheimer
- Roper Technologies reports Q3 adjusted DEPS $5.14, consensus $5.11
- Roper Technologies narrows FY25 DEPS view to $19.90-$19.95 from $19.90-$20.05
- Roper Technologies sees Q4 adjusted DEPS $5.11-$5.16, consensus $5.23