BUZZ-Roper Technologies rises after TD Cowen upgrades to 'buy'

Reuters
28 Jan
BUZZ-Roper Technologies rises after TD Cowen upgrades to 'buy'

** 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))

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