Jefferies analyst Brent Thill raised the firm’s price target on Roper Technologies to $575 from $530 and keeps a Buy rating on the shares, following the company’s beat on both revenue and adjusted EBITDA in Q2. The analyst remains constructive on the story “as a unique way to own a conglomerate of vertical software assets” and sees platform M&A “as an upcoming catalyst to the story.”
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Read More on ROP:
- Roper Technologies sees Q3 adjusted EPS $4.16-$4.20, consensus $4.16
- Roper raises 2023 adjusted EPS view $16.36-$16.50 from $16.10-$16.30
- Roper Technologies reports Q2 adjusted EPS $4.12, consensus $3.99
- Roper Technologies announces second quarter financial results
- Notable companies reporting before tomorrow’s open
