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Roper Technologies (ROP) Stock Forecast & Price Target

Roper Technologies logo
$537.73
-9.50 (-1.74%)
(As of 10/31/2024 ET)

Roper Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
3
Buy
9

Based on 12 Wall Street analysts who have issued ratings for Roper Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 3 have given a hold rating, 7 have given a buy rating, and 2 have given a strong buy rating for ROP.

Consensus Price Target

$620.80
15.45% Upside
According to the 12 analysts' twelve-month price targets for Roper Technologies, the average price target is $620.80. The highest price target for ROP is $666.00, while the lowest price target for ROP is $535.00. The average price target represents a forecasted upside of 15.45% from the current price of $537.73.
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ROP Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
9 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$620.80$616.00$604.33$529.20
Forecasted Upside15.45% Upside12.35% Upside12.74% Upside8.63% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

ROP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ROP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Roper Technologies Stock vs. The Competition

TypeRoper TechnologiesComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.92
2.67
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside14.73% Upside624.39% Upside10.27% Upside
News Sentiment Rating
Positive News

See Recent ROP News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/24/2024Royal Bank of Canada
4 of 5 stars
 Lower TargetOutperform ➝ Outperform$675.00 ➝ $666.00+22.16%
10/24/2024Truist Financial
2 of 5 stars
 Reiterated RatingBuy ➝ Buy$660.00 ➝ $665.00+21.42%
10/24/2024Robert W. Baird
2 of 5 stars
 Boost TargetOutperform ➝ Outperform$635.00 ➝ $652.00+20.09%
10/17/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$530.00 ➝ $565.00+0.74%
8/16/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$625.00 ➝ $635.00+16.18%
7/25/2024Baird R W
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J. Vruwink
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UpgradeHold ➝ Strong-Buy
7/25/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$650.00 ➝ $630.00+16.16%
7/10/2024Barclays
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 Boost TargetOverweight ➝ Overweight$611.00 ➝ $625.00+13.01%
6/13/2024Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
2/2/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$572.00 ➝ $620.00+13.59%
1/22/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$560.00 ➝ $615.00+12.13%
1/4/2024TD Cowen
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 DowngradeOutperform ➝ Market Perform$535.00+0.75%
7/24/2023Argus
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 Boost TargetBuy$490.00 ➝ $550.00+9.87%
5/2/2023Sanford C. Bernstein
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 UpgradeUnderperform ➝ Market Perform$490.00 ➝ $525.00+14.47%
3/22/2023JPMorgan Chase & Co.
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 UpgradeUnderweight ➝ Neutral$385.00 ➝ $420.00-2.43%
12/15/2022The Goldman Sachs Group
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 Boost TargetNeutral$423.00 ➝ $468.00+8.19%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:12 PM ET.


Should I Buy Roper Technologies Stock? ROP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 13, 2024. Please send any questions or comments about these Roper Technologies pros and cons to contact@marketbeat.com.

Roper Technologies
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Roper Technologies, Inc.:

  • Roper Technologies stock has shown resilience with a consistent upward trend, indicating stability and potential growth.
  • Recent insider transactions, such as the CFO and Director selling shares, may suggest confidence in the company's future performance.
  • Analyst ratings have been positive, with several firms giving buy and strong buy ratings, indicating a favorable outlook for the stock.
  • Roper Technologies has a strong market capitalization of $59.16 billion, reflecting the company's size and stability in the market.
  • The company's debt-to-equity ratio of 0.38 indicates a balanced approach to financing operations, reducing financial risk for investors.

Roper Technologies
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Roper Technologies, Inc. for these reasons:

  • The recent decrease in Roper Technologies stock price by 0.5% may raise concerns about short-term volatility and market sentiment.

ROP Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Roper Technologies is $620.80, with a high forecast of $666.00 and a low forecast of $535.00.

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Roper Technologies in the last year. There are currently 3 hold ratings, 7 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ROP shares.

According to analysts, Roper Technologies's stock has a predicted upside of 15.45% based on their 12-month stock forecasts.

Roper Technologies has been rated by research analysts at Jefferies Financial Group, Mizuho, Robert W. Baird, Royal Bank of Canada, and Truist Financial in the past 90 days.

Analysts like Roper Technologies more than other "computer and technology" companies. The consensus rating score for Roper Technologies is 2.92 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how ROP compares to other companies.


This page (NYSE:ROP) was last updated on 10/31/2024 by MarketBeat.com Staff
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