BUZZ - JPMorgan raises rating on Roper based on software business growth prospects; stock price rises

October 26 - ** Software company Roper Technologies (ROP.O) shares rose 2.8% to $450.23

**JPMorgan upgraded the stock's rating from "Underweight" to "Neutral"; target price raised from $415 to $490, representing an 11.8% upside from the previous trading day’s closing price

** The bank stated that the rating upgrade is based on the fiscal 2026 Q3 earnings report, noting "signs of improvement in the organic growth of the software product portfolio"

** Earlier this month, the company raised its fiscal 2026 earnings per share (EPS) guidance (link), and its adjusted EPS for the third quarter exceeded market expectations

**JPMorgan added: "The improvement in the software M&A environment has laid the foundation for the company to accelerate total revenue growth"

** Of the 21 brokerages covering the stock, 8 rate it “Buy” or above, 12 rate it “Hold”, and 1 rates it “Sell”; the median target price is $471

** Including the day's price change, the stock has risen a total of 1.2% year-to-date

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