Citi analyst Andrew Kaplowitz has increased the price target for Dover (DOV, Financial) from $202 to $226, maintaining a Buy rating on the stock. This adjustment comes as part of a preview for the second quarter earnings of industrial conglomerates. The firm anticipates strong performance from most companies in this sector, with a likely boost in their 2025 earnings forecasts.
Dover has been highlighted as a top choice in the multisector category, and the stock has been put on a "90-day positive Catalyst Watch." This decision is based on the company's advancements in high-margin business areas, signaling potential for significant growth.
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 $201.48 with a high estimate of $230.00 and a low estimate of $169.21. The average target implies an upside of 6.64% from the current price of $188.94. 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 $161.43, suggesting a downside of 14.56% from the current price of $188.94. 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.
