Wall Street Can't Make Its Mind Up Over This Growth Stock
There's no doubt that Rockwell Automation (NYSE: ROK) is a company in growth mode right now, but there's also no denying that its valuation isn't precisely in value territory. As such, there's a healthy debate on Wall Street as to where the growth stock is heading. Here's the lowdown.
The range of price targets on Rockwell Automation stock is startling. At the time of this writing, Rockwell's share price is $289, whereas the range of Wall Street targets spans $220-$395. Moreover, there are analysts at some heavyweight firms involved at the ends of the range. For example, a Citibank analyst has a $381 target, compared to J.P. Morgan's $220 target. Meanwhile, Goldman Sachs has a $294 price target and a sell rating on the stock.
While it's never a good idea to get too caught up in analyst ratings and targets, the variance of opinion illustrates the talking points on the stock.
Source Fool.com
