• Scott Graham from Seaport Global sets a price target of $220 for NYSE:BMI, indicating a potential upside of 55.46%.
• BMI reported an earnings per share (EPS) of $1.14, slightly below expectations, but showed improvement from the previous year.
• The company achieved record sales of $916.7 million for the full year of 2025, an 11% increase from the previous year.

Badger Meter, Inc. (NYSE:BMI) is a leading company in the manufacturing of flow measurement and control products, primarily for water utilities. Known for its innovative smart water solutions and advanced metering infrastructure (AMI) projects, BMI competes with industry giants like Xylem and Itron.

On January 29, 2026, Scott Graham from Seaport Global set a price target of $220 for BMI, suggesting a potential upside of 55.46% from its current trading price of $141.52. This optimistic outlook comes despite a recent 11% decline in BMI's stock price following its fourth-quarter 2025 earnings report.

BMI reported an earnings per share (EPS) of $1.14, which was 0.9% below the Zacks Consensus Estimate. However, this was an improvement from the previous year's EPS of $1.04. The company's quarterly net sales increased by 7.6% to $220.7 million, driven by a rise in utility water sales, although this was below the Zacks Consensus Estimate of $230.8 million.

For the full year of 2025, BMI achieved sales of $916.7 million, marking an 11% increase from the previous year. The company's EPS for 2025 rose by approximately 13% to $4.79, compared to $4.23 in 2024. This growth was supported by the adoption of smart water solutions and the acquisition of SmartCover.

Despite the earnings miss, BMI delivered record sales, margin expansion, and cash flow for 2025. The current stock price of BMI is $141.62, reflecting a decrease of approximately 3.22%. The stock has experienced a range from a low of $141.15 to a high of $147.99 today, with a market capitalization of approximately $4.17 billion.