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FMP

Dover Corporation (NYSE:DOV) Maintains Strong Buy Rating and Positive Momentum

  • Dover Corporation (NYSE:DOV) receives a maintained "Buy" rating from Seaport Global with an increased price target from $230 to $245.
  • Zacks Investment Research identifies Dover as a top momentum stock, supported by strong Zacks Style Scores.
  • The stock's significant price movement and a market capitalization of approximately $28.89 billion highlight its potential for investors.

Dover Corporation (NYSE:DOV) is a diversified global manufacturer that provides equipment and components, specialty systems, and support services through its various operating segments. The company serves a wide range of industries, including energy, engineering, and food equipment. Dover competes with other industrial giants like Emerson Electric and Illinois Tool Works.

On February 3, 2026, Seaport Global maintained its "Buy" rating for Dover, with the stock priced at $210.43. Seaport Research also increased Dover's price target from $230 to $245, indicating confidence in the company's future performance. This aligns with Zacks Investment Research's view of Dover as a top momentum stock for long-term investment.

Zacks Investment Research highlights Dover's strong momentum, supported by the Zacks Style Scores. These scores evaluate stocks based on value, growth, and momentum, helping investors identify stocks likely to outperform the market. Dover's current price of $210.67, up 1.62% or $3.35, reflects this positive momentum.

Dover's stock has shown significant price movement, with a trading range between $207.40 and $211.88 during the day. Over the past year, the stock has reached a high of $222.31 and a low of $143.04. This volatility presents opportunities for investors looking to capitalize on price fluctuations.

With a market capitalization of approximately $28.89 billion and a trading volume of 534,735 shares on the NYSE, Dover remains a significant player in the industrial sector. The company's strong market presence and positive analyst ratings suggest a promising outlook for investors.