TD Cowen Raises Price Target for Rockwell Automation Stock

Analysts see potential for strong price appreciation in industrial automation company's shares.

Published on Feb. 22, 2026

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Rockwell Automation (NYSE:ROK), a global industrial automation and digital transformation company, had its price target raised by analysts at TD Cowen from $330 to $350. The brokerage maintained a 'hold' rating on the stock, indicating a potential downside of 12.2% from the company's current trading price.

Why it matters

Rockwell Automation is a leading provider of industrial control systems, software, and services. The company's performance is seen as a bellwether for the broader industrial automation market, which is experiencing strong demand driven by trends like factory automation, digitalization, and the need for increased productivity.

The details

In their report, TD Cowen analysts cited Rockwell Automation's strong financial performance, including better-than-expected earnings in the most recent quarter. The firm also noted the company's position as a market leader in industrial automation solutions. However, the analysts maintained a 'hold' rating, suggesting the stock may be fully valued at current levels.

  • Rockwell Automation reported its latest quarterly earnings on February 5, 2026.
  • TD Cowen issued its updated price target and rating on the stock on February 22, 2026.

The players

Rockwell Automation

A global industrial automation and digital transformation company headquartered in Milwaukee, Wisconsin. The firm designs, manufactures and supports control systems, industrial control hardware and software, and related services.

TD Cowen

A brokerage firm that provides investment research and analysis on various companies, including Rockwell Automation.

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What they’re saying

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— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

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— Gordon Edgar, grocery employee (Instagram)

The takeaway

This report highlights the continued strong performance and market leadership of Rockwell Automation in the industrial automation space, though the stock may be approaching full valuation according to the analysts. The company's ability to deliver innovative solutions and drive productivity for its industrial customers remains a key focus for investors.