UPDATE: Citigroup Reiterates Neutral Rating, Raises PT on Roper Industries - Roper Techs (NASDAQ:ROP)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

In a report published Wednesday, Citigroup reiterated its Neutral rating on Roper Industries (NYSE: ROP), and raised its price target from $103.00 to $112.00.Citigroup noted, “We are increasing our target price from $103 to $112 to reflect our shift in our sector valuation. We continue to assume the large-cap MI-EE group should trade for 14.0x EPS, but are now applying this to our 2013 EPS estimates instead of the blend of 2012/2013 that we used previously. Our ROP target continues to assume the shares trade for a 35% premium to the target group multiple, at the high-end of its 10% to 35% historical relative range.”Roper Industries closed on Tuesday at $102.49.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!