Badger Meter Shares Rise After Analyst Upgrade

Shares of the water meter manufacturer jump 5.7% following positive rating change

Mar. 30, 2026 at 2:35pm

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Shares of Badger Meter, Inc. (NYSE:BMI) rose 5.7% on Monday after investment firm Robert W. Baird upgraded the stock from 'neutral' to 'outperform' and raised its price target. The upgrade comes despite a recent report from Zacks Research that lowered its rating on Badger Meter to 'strong sell'.

Why it matters

Badger Meter is a leading manufacturer of water meters and flow control solutions for municipal and industrial customers. The company's performance is seen as an indicator of broader trends in water infrastructure and utility spending.

The details

Robert W. Baird analyst Michael Halloran raised his price target on Badger Meter to $173, up from the previous target of $165. Halloran cited the company's strong market position and growth potential in his upgrade. However, the upgrade comes after a Zacks Research report in late January that downgraded Badger Meter to 'strong sell', citing valuation concerns.

  • Badger Meter shares traded as high as $154.68 on Monday, March 30, 2026.
  • The company's stock had previously closed at $145.81 on the prior trading day.

The players

Badger Meter, Inc.

A global leader in flow measurement and control solutions, specializing in water meters and control valves for municipal and industrial customers.

Robert W. Baird

An investment firm that upgraded its rating on Badger Meter from 'neutral' to 'outperform' and raised its price target.

Zacks Research

An investment research firm that recently downgraded its rating on Badger Meter to 'strong sell'.

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What they’re saying

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The takeaway

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