Ralliant

RAL · NYSE

$66.95−$0.33 (−0.49%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $67.28

RAL analyst rating

BuyConsensus of 12 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy9
Hold3
Underperform0
Sell0

12-month price target · 11 analysts

Average $79.67 (+19.0% upside)

Low: $58.58
Now: $66.95
High: $89.25

Upgrades and downgrades

The latest rating actions, newest first

RAL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Oct 14, 2026	Maintains	Sector Perform	$73.00 → $72.00	43%
Seaport Global	Oct 14, 2026	Upgrade	Neutral → Buy	$88.00	66%
Citigroup	Oct 12, 2026	Maintains	Buy	$82.00 → $85.00	63%
Evercore ISI Group	Sep 22, 2026	Maintains	Outperform	$80.00 → $85.00	65%
Oppenheimer	Sep 9, 2026	Maintains	Outperform	$75.00 → $80.00	52%
Citigroup	Jul 31, 2026	Maintains	Buy	$81.00 → $82.00	80%
RBC Capital	Jul 31, 2026	Maintains	Sector Perform	$71.00 → $73.00	57%
TD Cowen	Jul 31, 2026	Maintains	Buy	$70.00 → $80.00	88%
Truist Securities	Jul 31, 2026	Maintains	Buy	$68.00 → $82.00	100%
BMO Capital	Jul 20, 2026	Initiates	Market Perform	$78.00	27%

The case for and against

Updated Oct 14, 2026

Bull case

Ralliant is supported by a stronger-than-expected operating backdrop, with 1Q26 organic sales up 8.8%, adjusted EBITDA margin expanding 270 bps to 18.6%, and book-to-bill at 1.1x–1.2x, the highest since 2022, while defense backlog topped $1 billion and utility orders reached a record. Its bullish case rests on secular exposure to grid modernization, defense, and electrification, alongside a cyclical recovery in Test & Measurement where margins rose 700 bps to 11.9% and management expects HSD% growth to continue through FY27. Further upside is reinforced by the Enterprise Productivity Program, which lifts annualized cost savings to $50 million–$60 million by 2028, and by disciplined capital returns, including a $100 million ASR and a plan to return 50% of free cash flow to buybacks.

Bear case

Ralliant is facing a fundamentally challenged outlook because tariff disruption, macro uncertainty, and capex caution threaten the Industrial Manufacturing recovery and could delay automation across automotive, aerospace, logistics, medical, and other short-cycle markets. The company also absorbed a $1.4 billion non-cash goodwill impairment on EA Elektro-Automatik, implying severe prior overpayment and exposing how concentrated the acquired EV/battery exposure was, while also risking tighter scrutiny on future M&A and execution credibility. Although Sensors and Safety Systems grew sales 10.6% y/y to $324 million with 28.4% adjusted EBITDA margin, ongoing downcycling in Test & Measurement, margin pressure, and the need for $50 million to $60 million of cost savings by 2028 suggest earnings remain vulnerable.

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