Rogers

ROG · NYSE

$136.81+$2.07 (+1.54%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $134.74

ROG analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $197.20 (+44.1% upside)

Low: $171.70
Now: $136.81
High: $236.25

Upgrades and downgrades

The latest rating actions, newest first

ROG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
B. Riley Securities	Oct 1, 2026	Maintains	Buy	$200.00 → $225.00	60%
Freedom Capital Markets	Oct 1, 2026	Maintains	Buy	$150.00 → $185.00	65%
B. Riley Securities	Jun 15, 2026	Maintains	Buy	$165.00 → $200.00	60%
B. Riley Securities	Feb 18, 2026	Maintains	Buy	$127.00 → $133.00	60%

The case for and against

Updated Oct 17, 2026

Bull case

Rogers is attractive because management’s 9/30 Analyst Day framed a credible growth reset, with 2030 revenue targeted at $1.5 billion versus $810 million in 2025 and adjusted EPS at $14.00 versus $2.39 in 2025, implying strong operating leverage from a largely capex-light ramp. The outlook is further supported by clear progress in datacenter/AI solutions, including two advanced products in collaborative qualification with initial revenues expected in the second half of 2027, alongside robust design wins across core and higher-growth end markets. With adjusted EBITDA margin targeted to expand from 14.2% in 2025 to about 20.5% in 2028 and roughly 26% in 2030, plus cost actions already underway and a strong balance sheet, the company appears positioned for sustained fundamental improvement.

Bear case

Rogers is exposed to pronounced fundamental risk because approximately 72% of net sales come from foreign markets, while significant operations in China, Europe, and Asia leave results vulnerable to geopolitical तनाव, supply chain disruption, and foreign currency volatility. Its revenue base is also concentrated, with about 28% and 19% of net sales in 2021 tied to advanced mobility and advanced connectivity, so delays in technology adoption, cyclical slowdowns, or obsolescence could quickly pressure demand and inventory. Added pressure comes from sole and limited source suppliers and restrictive credit covenants, which can squeeze margins, constrain flexibility, and amplify downside if economic conditions weaken.

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