On May 16, 2025, JP Morgan analyst Stephen Tusa reaffirmed his 'Overweight' rating on Dover (DOV, Financial), a company listed on the New York Stock Exchange. Maintaining the rating indicates a continued positive outlook on the stock from the analyst.
Simultaneously, Tusa raised the price target for Dover from $190.00 to $211.00 USD. This adjustment marks an increase of approximately 11.05% from the previous target. Investors and market participants may view this as a sign of increased confidence in the company's future performance.
The revised price target suggests that Dover (DOV, Financial) has favorable prospects according to JP Morgan, potentially indicating positive developments or anticipated growth within the company. The analysis and subsequent rating by Stephen Tusa reflect expectations of continued strength and potential upward movement in the stock's valuation.
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 6.23% from the current price of $186.70. 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 14.31% from the current price of $186.7. 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.
