Summary:
- Dover Corporation (DOV, Financial) exceeded earnings expectations but missed revenue estimates in the latest quarter.
- Analysts predict a notable upside potential in Dover's stock price with a consensus "Outperform" rating.
- GuruFocus' GF Value assessment suggests a slight downside risk from current stock prices.
Dover Corporation (DOV) recently reported its first-quarter financial performance, revealing that non-GAAP earnings per share reached $2.05, exceeding analyst expectations by $0.07. Despite this positive news, the company reported revenues of $1.87 billion, falling short by $10 million. As investors look toward the future, Dover is projecting revenue growth between 2% and 4% by 2025, with an adjusted EPS forecast ranging between $9.20 and $9.40.
Wall Street Analysts Forecast
The outlook for Dover Corp (DOV, Financial) appears promising according to 17 Wall Street analysts who have provided one-year price targets. The average target price stands at $202.20, with estimates ranging from a high of $238.00 to a low estimate of $169.98. This average price target suggests a potential upside of 21.55% from the current trading price of $166.35. For a more detailed analysis, visit the Dover Corp (DOV) Forecast page.
Moreover, the consensus recommendation from 20 brokerage firms rates Dover Corp (DOV, Financial) at 2.2, translating to an "Outperform" status. This rating scale varies, with a score of 1 indicating a Strong Buy, and 5 denoting a Sell.
GF Value Analysis
According to GF Value estimates by GuruFocus, Dover Corp's (DOV, Financial) stock is expected to have a fair value of $158.05 in one year. This estimation points to a potential downside of 4.99% from its current trading price of $166.35. The GF Value metric considers historical trading multiples, past business growth, and future business performance projections to determine the fair market value. For comprehensive insights, refer to the Dover Corp (DOV) Summary page.
