IDEX Corporation (IEX)
NYSE: IEX · IEX Real-Time Price · USD
221.28
-1.05 (-0.47%)
May 20, 2024, 12:13 PM EDT - Market open
IDEX Corporation Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for IDEX Corporation stock have an average target of 255.71, with a low estimate of 235 and a high estimate of 277. The average target predicts an increase of 15.56% from the current stock price of 221.28.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for IEX stock from 7 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Buy | 6 | 5 | 5 | 5 | 5 | 4 |
| Hold | 3 | 3 | 2 | 2 | 2 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 10 | 10 | 10 | 10 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Buy Maintains $260 → $256 | Buy | Maintains | $260 → $256 | +15.69% | Apr 25, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $245 → $252 | Buy | Maintains | $245 → $252 | +13.88% | Apr 18, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $254 → $277 | Strong Buy | Maintains | $254 → $277 | +25.18% | Apr 8, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $255 | Buy | Reiterates | $255 | +15.24% | Mar 21, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $234 → $255 | Buy | Maintains | $234 → $255 | +15.24% | Feb 8, 2024 |
Financial Forecast
Revenue This Year
3.38B
from 3.27B
Increased by 3.15%
Revenue Next Year
3.55B
from 3.38B
Increased by 5.24%
EPS This Year
8.41
from 7.85
Increased by 7.17%
EPS Next Year
9.15
from 8.41
Increased by 8.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.5B | 3.8B | 4.2B | 4.8B | 5.5B |
| Avg | 3.4B | 3.6B | 3.8B | 4.4B | 5.2B |
| Low | 3.2B | 3.3B | 3.6B | 4.0B | 5.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.2% | 12.2% | 17.8% | 25.1% | 25.2% |
| Avg | 3.1% | 5.2% | 8.3% | 13.3% | 20.4% |
| Low | -1.2% | -1.0% | 1.3% | 3.1% | 16.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.78 | 10.03 | 11.04 | 12.83 | 14.68 |
| Avg | 8.41 | 9.15 | 10.03 | 11.78 | 14.12 |
| Low | 8.08 | 8.00 | 8.92 | 10.89 | 13.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.8% | 19.2% | 20.6% | 28.0% | 24.6% |
| Avg | 7.2% | 8.8% | 9.6% | 17.5% | 19.8% |
| Low | 3.0% | -4.9% | -2.5% | 8.6% | 16.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.