KeyBanc Ups Rockwell Automation (ROK) Price Target on Margin Strength and Pipeline Momentum

Rockwell Automation Inc. (NYSE:ROK) is one of the best industrial machinery stocks to buy according to analysts. While retaining its Overweight rating for Rockwell Automation Inc. (NYSE:ROK), KeyBanc increased its price target for the industrial automation company from $345 to $360 on June 13.

The firm raised its earnings per share projection for fiscal year 2026 from $11.44 to $11.60, citing strengthened margins and better implementation of operational excellence programs. KeyBanc also observed continued momentum in Rockwell’s project pipeline as the year progresses.

KeyBanc claims that despite recent volatility in trade policy headlines, Rockwell Automation Inc. (NYSE:ROK) has not encountered significant project cancellations or delays. Channel destocking has mostly recovered from its trough levels, the firm said, and when comparisons relax in the second half of fiscal 2025, forecasts for a recovery in discrete markets may turn out to be conservative.

Rockwell Automation Inc. (NYSE:ROK) is a leading player in industrial automation and digital transformation. It offers solutions that assist manufacturers in improving process control, increasing efficiency, and optimizing operations.

While we acknowledge the potential of ROK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.