Roper Technologies rises after TD Cowen upgrades to 'buy'

Roper Technologies

28/01/2025 13:09

** 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

 (Reporting by Rashika Singh in Bengaluru)
 ((rashika.singh@thomsonreuters.com))