ROP Price Prediction Next Week
Based on the provided data and technical analysis, here is the prediction for ROP's stock price next week:
Technical Analysis:
- RSI at 54.94 indicates neutral momentum, not showing overbought or oversold conditions
- MACD at -1.89 suggests bearish momentum in the short term
- Current price is below both 20-day SMA (519.13) and 200-day SMA (543.19), indicating overall bearish trend
News Analysis:
- Positive news about Roper's subsidiary DAT Freight & Analytics showing strong December truck demand and improved rates
- Roper will report Q4 earnings this week on January 30th
- Analysts maintain a "Moderate Buy" consensus with mean price target of $607.08, representing 7.6% upside potential
Price Prediction for Next Week: Based on technical indicators and upcoming earnings:
Target Prices:
- Support: $496.29 (Fibonacci S2)
- Resistance: $532.75 (Fibonacci R1)
The stock is likely to trade between $496-$533 next week, with increased volatility around earnings release. Given the bearish technical signals but positive fundamental outlook, expect initial downside to $505 early in the week before potential bounce toward $525 post-earnings if results beat expectations.
Trading Recommendation: HOLD
- Not recommended to enter new positions ahead of earnings
- Current technical weakness suggests waiting for better entry points
- Monitor earnings release for updated guidance and potential trend reversal signals
ROP Similar Chart Price Prediction
The price of ROP is predicted to go up 4.71%, based on the high correlation periods with AAPL. The similarity of these two price pattern on the periods is 97.35%.
ROP
AAPL
Up: 4.71%Similarity: 97.35%
ROP Revenue Forecast
ROP EPS Forecast
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ROP VS S&P500
We expect Roper to continue execute on the firm's highly successful playbook of using excess cash to acquire cash rich businesses at reasonable valuations.
Roper's boasts a portfolio of leading companies, with durable competitive advantages. We expect the stickiness of these offerings will allow Roper to achieve above inflation like for like pricing.
We believe Roper has several levers to accelerate organic growth, including migrating legacy on premise software revenue to higher value SaaS platforms and using bolt on acquisitions to propel growth.
ROP Analyst's Forecast
Julian Mitchell
Barclays
Sell
Price Target
$569 → $562
Upside
+10.13%
Barclays lowered the firm's price target on Roper Technologies to $562 from $569 and keeps an Underweight rating on the shares as part of a Q4 preview for the multi-industry sector. The firm sees a slow start to the year amid sluggish organic sales growth and currency headwinds and notes investor expectations "are moving quickly, with cyclicals again somewhat out of favor."
Terry Tillman
Truist Securities
Strong Buy
Price Target
$660 → $665
Upside
+22.23%
Joe Vruwink
Baird
Buy
Price Target
$635 → $652
Upside
+19.84%