JPMorgan has revised its price target for Dover (DOV, Financial), lifting it from $190 to $211 while maintaining an Overweight rating. This adjustment comes as the electrical equipment and multi-industry sector experiences revaluation due to a de-escalation in tariffs, which has made the sector relatively expensive. The increase in the price target reflects a higher absolute anchor multiple corresponding to recent gains in the S&P 500 index. The firm shows preference for companies that have implemented conservative guidance by factoring in severe tariff scenarios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Dover Corp (DOV, Financial) is $198.33 with a high estimate of $230.00 and a low estimate of $169.21. The average target implies an upside of 7.58% from the current price of $184.35. More detailed estimate data can be found on the Dover Corp (DOV) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Dover Corp's (DOV, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Dover Corp (DOV, Financial) in one year is $159.98, suggesting a downside of 13.22% from the current price of $184.35. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Dover Corp (DOV) Summary page.
