Analyst Christopher Snyder from Morgan Stanley maintained a Buy rating on Rockwell Automation and increased the price target to $435.00 from $385.00.
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Christopher Snyder has given his Buy rating due to a combination of factors that highlight Rockwell Automation’s strong potential for growth. Despite a significant earnings per share beat in the fourth quarter and guidance for fiscal 2026 that exceeded expectations, the market’s reaction was surprisingly muted. This presents an opportunity as the company’s performance indicators, such as high-teens order growth and improved management execution, suggest a positive trajectory.
Additionally, Snyder points to the anticipated U.S. manufacturing capital expenditure upcycle, which is expected to be more robust than previous cycles due to the $10 trillion U.S. reshoring initiative. This macroeconomic trend is likely to benefit Rockwell Automation significantly, positioning it to trade at a premium compared to past upcycles. The combination of these factors underpins Snyder’s confidence in the company’s future performance, justifying the Buy rating.
In another report released on November 7, Oppenheimer also maintained a Buy rating on the stock with a $391.00 price target.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROK in relation to earlier this year.