What To Know About Bernstein's Upgrade of Roper Techs

Bernstein upgraded its rating of Roper Techs ROP to Outperform with a price target of $525.00, changing its price target from $490.00 to $525.00.

Shares of Roper Techs are trading up 0.44% over the last 24 hours, at $460.64 per share.

A move to $525.00 would account for a 13.97% increase from the current share price.

About Roper Techs

Roper is a diversified technology company that operates through three segments: application software; network software and systems; and technology enabled products. The firm's culture emphasizes acquiring asset-light, cash-generative businesses. Roper then reinvests this excess cash in businesses that yield incrementally higher rates of return. While the businesses are managed in a decentralized manner, Roper does not passively manage its portfolio. Instead, Roper manages its businesses through the Socratic method and empowers decision-makers through group executive coaching. Roper has now rotated a clear majority of its business from legacy industrial products into technology software in mature, niche markets with large quantities of deferred revenue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.