BUZZ-Roper Technologies rises after TD Cowen upgrades to 'buy'
ReutersJan 28, 2025 1:09 PM
TD Cowen raises software firm Roper Technologies ROP.O to "buy" from "hold"; lifts PT to $615 from $535
ROP shares up ~1% at $547.33 premarket
Brokerage's new PT represents a 13.6% upside to the stock's last close of $541.33
Brokerage sees accelerating revenue growth in 2025, expecting discontinuation of headwinds from 2024, including production issues
"If we assume remaining software businesses grow at normalized rates, it seems reasonable to expect accelerating top line into 2025 after deceleration the past 2 years off high levels" - TD Cowen
10 brokerages rate ROP "buy" or higher, six "hold" and one "sell"; median PT is $617.50 - LSEG
Stock fell 4.64% in 2024
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