Analysts are Revising Prices Targets of These 5 Stocks After Earnings

3. Roper Technologies, Inc. (NYSE:ROP)

Number of Hedge Fund Holders: 48

Roper Technologies, Inc. (NYSE:ROP) recently delivered impressive financial results for the third quarter and raised its outlook for the full year. Referring to its recent earnings, Wells Fargo improved its price target for the diversified industrial company from $500 per share to $540 per share on Thursday, October 27.

The Florida-based company earned $3.67 per share on an adjusted basis, topping the expectations of $3.46 per share. Revenue for the quarter rose 10 percent versus last year to $1.35 billion, while analysts expected Roper Technologies, Inc. (NYSE:ROP) to generate revenue of $1.32 billion.

For fiscal 2022, Roper Technologies, Inc. (NYSE:ROP) increased its adjusted earnings outlook to a range of $14.09 – $14.13 per share, from its previous projection between $13.46 – $13.62 per share. The updated outlook is significantly higher than the consensus of $13.61 per share.