WallStSmart
DOV

Dover Corporation

NYSE: DOV · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY

$222.25
-0.84% today

Updated 2026-04-29

Market cap
$30.18B
P/E ratio
28.02
P/S ratio
3.65x
EPS (TTM)
$8.00
Dividend yield
0.92%
52W range
$158 – $237
Volume
1.1M

Dover Corporation (DOV) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$222.25
Consensus
$226.27
+1.81%
2030 Target
$924.21
+315.84%
DCF
11 analysts:
5 Buy4 Hold1 Sell

Management guidance

No specific multi-year revenue targets found in available guidance. Management provided Q1 2026 guidance suggesting softer near-term conditions with order declines in imaging, pumps, and refrigeration segments. Company emphasizes cost-saving initiatives and margin improvement focus through 2026-2027.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,540.35
$10.4B Rev × 20x P/S
Base case (2030)
$924.21
$10.4B Rev × 12x P/S
Bear case (2030)
$616.14
$10.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$8.4B$7.7B$8.1B$8.7B$9.0B$9.5B$9.9B$10.4B
Revenue growth-8.2%4.5%6.9%4.5%4.9%5.0%4.9%
EPS$8.79$8.78$9.62$10.64$11.55$12.35$13.20$14.10
P/S ratio12.0x12.0x12.0x12.0x12.0x
Implied price$759.91$800.98$842.06$883.13$924.21

Catalysts & risks

Growth catalysts
+ Q1 2026 earnings release (April 23, 2026) — consistent beat history suggests potential upside surprise
+ Product innovation momentum: SIKORA measurement solutions, Dover Fueling Solutions wireless technology, Hillphoenix CO2 refrigeration expansion driving margin lift
+ Industrial recovery in 2H 2026-2027 as order weakness in imaging/pumps/refrigeration segments stabilizes; aerospace/defense and food retail exposure benefits from secular tailwinds
Key risks
- Manufacturing slowdown signals with order declines across key segments (imaging, pumps, refrigeration) in Q1 2026 guidance; industrial conglomerate exposed to cyclical downturn risk
- Tariff and trade policy uncertainty impacting engineered products margin, particularly high North American revenue mix (60%+ of revenue)
- Short-cycle market sensitivity and project conversion rate compression reducing near-term revenue visibility; potential continued guidance reductions through 2026

Methodology

Dover Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 11 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.