IDEX (IEX) Stock Forecast & Price Target

IDEX demonstrates a robust growth trajectory, achieving a 7% increase in orders driven by strong performance in sectors such as datacenters, municipal water, and semiconductor maintenance, repair, and operations (MRO). The company's organic revenue growth of 5% surpasses expectations, particularly fueled by successes in the Fluid and Metering Technologies (FMT) and Health and Science Technologies (HST) segments, with HST sales rising by 10% year-over-year. Management's strategic portfolio management initiatives, including the expansion of the Material Science Solutions platform, suggest the possibility of increasing the underlying growth rate, further positioning IDEX for sustained future performance.

IDEX's financial outlook is negatively impacted by mixed organic sales and order trends across its three segments, leading to a reduction in the core revenue growth forecast for 2026. The company's volume is anticipated to remain flat to down low single digits this year, contributing to increasing operating margin pressures, despite some mitigation from price capture. Furthermore, a downside scenario suggests potential prolonged revenue declines, with projected cash EPS of only approximately $7.61 for 2026, highlighting ongoing headwinds in its operational performance.