Mizuho cuts target for Dover stock to USD 245.00

Published on 10/17/2026 at 22:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 6.8 percent to USD 2.19 billion in second-quarter 2026. Dover stock costs USD 195.80 on October 16, 2026, up 0.88 percent on NYSE.

Analyst view and trading date

On October 15, 2026, Mizuho lowered Dover's target from USD 270.00 to USD 245.00.
Second-quarter revenue rose 6.8 percent to USD 2.19 billion.
Dover stock was last at USD 195.80 on October 16, 2026 at 4:00 p.m. ET, plus 0.88 percent versus the prior close.
Dover's price-to-earnings ratio was 23.65 and its market capitalization was USD 26.4 billion on October 16, 2026.

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Mizuho lowered its price target for Dover from USD 270.00 to USD 245.00 on October 15, 2026, while keeping an Outperform rating, according to MarketBeat. Dover was last at USD 195.80 on the NYSE on October 16, 2026 at 4:00 p.m. ET, plus 0.88 percent versus the prior close of October 15, 2026.

Revenue growth supports the outlook

Dover's second-quarter revenue rose 6.8 percent year over year to USD 2.19 billion, while adjusted earnings per share reached USD 2.74 versus a consensus estimate of USD 2.72, MarketBeat reported. The figures refer to the quarter ended June 30, 2026 and give the analyst revision a recent operating backdrop.

Trading volume and range

The October 16, 2026 quote came with volume of 1,328,793 shares against an average volume of 1,192,823 shares. Dover's 52-week range was USD 166.93 to USD 237.54, placing the last price USD 41.74 below the high and USD 28.87 above the low.

Valuation and October 22 results

Dover had a market capitalization of USD 26.4 billion and a price-to-earnings ratio of 23.65 on October 16, 2026. The company has set its third-quarter 2026 results release and conference call for October 22, 2026, according to Dover Corporation.

Comparison with peers

Dover Corporation: plus 0.88 percent, P/E 23.65, market capitalization USD 26.4 billion
Flowserve Corporation (NYSE, USD): minus 0.35 percent, P/E 24.74, market capitalization USD 9.0 billion
Illinois Tool Works Inc. (NYSE, USD): plus 0.40 percent, P/E 24.69, market capitalization USD 77.5 billion

Industrial stock position

Dover's last quote sits between its annual low and high, while the October 22 reporting date gives the next scheduled company event. The target revision leaves the analyst price objective USD 49.20 above the October 16 NYSE quote.