Roper Technologies (ROP) Stock Forecast & Price Target

$548.53

+7.64 (+1.41%)

(As of 07/26/2024 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

Moderate Buy
Based on 11 Analyst Ratings

Based on 11 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 11 analysts, 3 have given a hold rating, 6 have given a buy rating, and 2 have given a strong buy rating for ROP.

Consensus Price Target

$604.33
10.17% Upside

High Forecast	$674.00
Average Forecast	$604.33
Low Forecast	$530.00

According to the 11 analysts' twelve-month price targets for Roper Technologies, the average price target is $604.33. The highest price target for ROP is $674.00, while the lowest price target for ROP is $530.00. The average price target represents a forecasted upside of 10.17% from the current price of $548.53.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 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	$604.33	$584.82	$574.58	$525.13
Forecasted Upside	10.17% Upside	13.05% Upside	10.72% Upside	12.05% Upside

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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.

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.

Roper Technologies Stock vs. The Competition

Type	Roper Technologies	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.91	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	10.17% Upside	554.04% Upside	9.18% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	Baird R W 0 of 5 stars	J. Vruwink Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
7/25/2024	Royal Bank of Canada 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$685.00 ➝ $674.00	+23.42%
7/25/2024	Oppenheimer 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$650.00 ➝ $630.00	+16.16%
7/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$617.00 ➝ $635.00	+19.37%
7/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$611.00 ➝ $625.00	+13.01%
6/13/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
Get the Latest News and Ratings for ROP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Roper Technologies and its competitors with MarketBeat's FREE daily newsletter.
4/29/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$525.00 ➝ $530.00	+0.61%
2/2/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$572.00 ➝ $620.00	+13.59%
1/22/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$560.00 ➝ $615.00	+12.13%
1/4/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$535.00	+0.75%
10/20/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$575.00	+18.85%
7/24/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$490.00 ➝ $550.00	+9.87%
7/21/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$530.00 ➝ $575.00	+15.14%
5/2/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform	$490.00 ➝ $525.00	+14.47%
3/22/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$385.00 ➝ $420.00	-2.43%
12/15/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$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 Saturday at 01:45 AM ET.

ROP Forecast - Frequently Asked Questions

What is Roper Technologies' forecast for 2024?: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Roper Technologies is $604.33, with a high forecast of $674.00 and a low forecast of $530.00.
Should I buy or sell Roper Technologies stock right now?: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Roper Technologies in the last twelve months. There are currently 3 hold ratings, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ROP shares.
Does Roper Technologies's stock price have much upside?: According to analysts, Roper Technologies's stock has a predicted upside of 13.09% based on their 12-month stock forecasts.
Has Roper Technologies been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Roper Technologies's stock had 2 upgrades and 1 downgrade by analysts.
What analysts cover Roper Technologies?: Roper Technologies has been rated by research analysts at Baird R W, Barclays, Mizuho, Oppenheimer, Robert W. Baird, Royal Bank of Canada, and Wolfe Research in the past 90 days.
Do Wall Street analysts like Roper Technologies more than its competitors?: Analysts like Roper Technologies more than other "computer and technology" companies. The consensus rating score for Roper Technologies is 2.91 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how ROP compares to other companies.