Barclays raised the firm’s price target on Roper Technologies to $611 from $600 and keeps an Overweight rating on the shares. Following the company’s Q1 earnings, the analyst slightly raised earnings estimates. Acquisitions offer the chance for the stock to work amid macro cycle dynamics that at first glance may not appear to favor Roper, the analyst tells investors in a research note.
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Read More on ROP:
- Roper Technologies sees Q2 EPS $4.42-$4.46, consensus $4.49
- Roper raises FY24 adj. EPS view to $18.05-$18.25 from $17.85-$18.15
- Roper Technologies reports Q1 adjusted EPS $4.41, consensus $4.34
- ROP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Roper Technologies Elects John F. Murphy to Board
