
Rockwell Automation (ROK) Stock Forecast & Price Target
Rockwell Automation (ROK) Analyst Ratings
Bulls say
Rockwell Automation reported a year-over-year revenue increase of 3.6%, with organic sales rising by approximately 1%, while the process segment experienced a robust uptick of around 10%. The company demonstrated strong sequential growth in orders during the second fiscal quarter, continuing to see demand trends that support potential recovery in sales and earnings per share. Additionally, Rockwell Automation's guidance for fiscal year 2024 reflects a stable outlook, anticipating reported sales growth between 0.5% and 6.5%, indicating confidence in ongoing market performance.
Bears say
Rockwell Automation recently reported first-quarter fiscal 2024 sales and earnings per share that fell below consensus expectations, leading to a sharp decline in its stock price. The company's guidance indicated a flat second-quarter performance compared to the previous quarter, with total organic growth projected to decline by 2% to a maximum of 4%, reflecting ongoing challenges in the market. Furthermore, operational margins decreased by approximately 290 basis points to 17.3%, attributed to supply chain constraints, weaker demand in key segments, and risks related to software development and market slowdowns.
This aggregate rating is based on analysts' research of Rockwell Automation and is not a guaranteed prediction by Public.com or investment advice.
Rockwell Automation (ROK) Analyst Forecast & Price Prediction
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