DOV
Dover Corporation
NYSE: DOV · INDUSTRIALS · SPECIALTY INDUSTRIAL MACHINERY
$219.97
+0.60% today
Updated 2026-06-05
Market cap
$29.28B
P/E ratio
27.18
P/S ratio
3.54x
EPS (TTM)
$8.00
Dividend yield
0.95%
52W range
$158 – $236
Volume
0.9M
Dover Corporation (DOV) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed DOV price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$219.97
Today
Analyst consensus
$226.27
+2.86% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
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
DOV · Dover Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com
DOV financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $8.1B | $8.7B | $9.0B | $9.5B | $9.9B | $10.4B |
| Revenue growth | 4.5% | 6.9% | 4.5% | 4.9% | 5.0% | 4.9% |
| Net margin | — | — | — | — | — | — |
| EPS | $9.62 | $10.64 | $11.55 | $12.35 | $13.20 | $14.10 |
| Diluted shares | — | — | — | — | — | — |
| Net debt | — | — | — | — | — | — |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $759.91 | $800.98 | $842.06 | $883.13 | $924.21 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $10.4B | $10.4B | $10.4B |
| P/S multiple | 1.0x | 2.0x | 3.0x |
| Diluted shares | 0M | 0M | 0M |
| Net debt | — | — | — |
| Implied P/E † | — | — | — |
| 2030 Price | $— | $— | $— |
| NPV @ — | $— | $— | $— |
† Implied P/E: Multiples remain elevated across all three scenarios because DOV is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $— base case
DOV catalysts and 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 2030 stock forecast model
Dover Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 11 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for DOV by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030) |
| 3. Time value | NPV calculated using — WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 3.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.
DOV price target FAQ
How is the Dover Corporation 2030 stock forecast calculated?
The DOV 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
What is the analyst consensus on DOV stock?
11 analysts cover DOV with an average 12-month price target of $226.27. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.