J.P. Morgan upgrades Roper on software growth outlook; shares rise

By Reuters News

** Shares of software firm Roper Technologies ROP.O rise 2.8% to $450.23

** J.P. Morgan raises rating on stock to "neutral" from "underweight"; hikes PT to $490 from $415, implying an upside of 11.8% to stock's last close

** Says upgrade follows 3Q26 earnings report, "with evidence of improving organic growth across the Software portfolio"

** Co raised its FY 2026 EPS guidance earlier this month and beat Q3 adj EPS estimates

** "The improving backdrop for Software M&A, sets up co to accelerate total revenue growth," J.P. Morgan adds

** 8 of 21 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $471

** Including session's moves, shares up 1.2% YTD

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