Roper Technologies, Inc. (NASDAQ: ROP) is identified as one of the best tech stocks to buy by hedge funds. Citi analyst George Kurosawa initiated coverage on Roper with a Buy rating and a price target of $626. The stock was trading at $517.59 as of September 2, implying a 20.9% upside. Roper’s recent evolution towards expanded operational and capital allocation capabilities has gone unnoticed by investors, according to Kurosawa. The company’s focus on AI is seen as an opportunity rather than a threat, leveraging vertical-specific scientific data and a decentralized operating model for growth. Additionally, Roper reported strong Q2 earnings, with software businesses like Deltek, Vertafore, and PowerPlan driving results, along with advances in generative AI technology.

Read more at Yahoo Finance: Citi Initiates Buy on Roper (ROP), Citing AI Opportunities