IDEX Corporation (IEX)
NYSE: IEX · IEX Real-Time Price · USD
202.97
-3.23 (-1.57%)
At close: Jul 19, 2024, 4:00 PM
202.94
-0.03 (-0.01%)
After-hours: Jul 20, 2024, 12:58 PM EDT
IDEX Corporation Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for IDEX Corporation stock have an average target of 254.33, with a low estimate of 236 and a high estimate of 277. The average target predicts an increase of 25.30% from the current stock price of 202.97.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for IEX stock from 6 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Buy | 5 | 5 | 5 | 5 | 5 | 3 |
| Hold | 2 | 2 | 2 | 2 | 2 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 10 | 10 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy Maintains $265 → $236 | Strong Buy | Maintains | $265 → $236 | +16.27% | Jul 18, 2024 |
| Baird | Baird | Buy Maintains $260 → $256 | Buy | Maintains | $260 → $256 | +26.13% | Apr 25, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $245 → $252 | Buy | Maintains | $245 → $252 | +24.16% | Apr 18, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $254 → $277 | Strong Buy | Maintains | $254 → $277 | +36.47% | Apr 8, 2024 |
| RBC Capital | RBC Capital | Buy Reiterates $255 | Buy | Reiterates | $255 | +25.63% | Mar 21, 2024 |
Financial Forecast
Revenue This Year
3.37B
from 3.27B
Increased by 2.78%
Revenue Next Year
3.54B
from 3.37B
Increased by 5.23%
EPS This Year
8.39
from 7.85
Increased by 6.92%
EPS Next Year
9.18
from 8.39
Increased by 9.37%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.5B | 3.8B | 4.2B | 4.8B | 5.5B |
| Avg | 3.4B | 3.5B | 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 | 8.0% | 12.0% | 18.2% | 25.7% | 25.2% |
| Avg | 2.8% | 5.2% | 8.2% | 13.8% | 20.4% |
| Low | -1.9% | -0.7% | 1.0% | 3.6% | 16.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.78 | 9.73 | 10.72 | 12.83 | 14.68 |
| Avg | 8.39 | 9.18 | 9.97 | 11.78 | 14.12 |
| Low | 8.07 | 8.53 | 8.97 | 10.89 | 13.70 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.8% | 16.0% | 16.8% | 28.7% | 24.6% |
| Avg | 6.9% | 9.4% | 8.6% | 18.2% | 19.8% |
| Low | 2.7% | 1.6% | -2.3% | 9.2% | 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.