Analyst Target Adjustments

Analyst commentary was mixed. Citi raised its target to $400 from $385; Baird to $385 from $381; Wells Fargo to $400 from $375; Loop Capital to $400 from $365; KeyBanc to $425 from $405; Deutsche Bank to $375 from $371; Piper Sandler to $325 from $319. The FactSet mean price target stands at $380.90, with an average rating of buy or overweight. BNP Paribas lifted its price target to $400 from $380, BofA Securities raised its objective to $400 from $375, citing a $65 million bump to the 2026 revenue outlook and an expected $160 million contribution from Hexagon’s D&E business. Oppenheimer lowered its 2026 earnings estimate to $4.43 from $5.06, maintaining a perform rating with a $275 price target. CFRA raised its target to $390, revised the 2026 EPS view down by $0.29 to $7.95, but up 2027 EPS to $9.51, citing the Hexagon D&E acquisition and a $8 B backlog that grew 25% YoY.