Roper Technologies price target raised to $640 from $630 at Oppenheimer

Oppenheimer raised the firm’s price target on Roper Technologies (ROP) to $640 from $630 and keeps an Outperform rating on the shares. The company reported solid Q4 results with both revenue and earnings coming in ahead of Street estimates, and while the organic growth outlook of 6%-7% was likely below bullish expectations, the acceleration in FY25 organic growth should be driven by improvement in Network segment’s outlook as it laps prior headwinds and should exit the year at a high-single-digit run-rate, the analyst tells investors in a research note.