Ralliant Corporation (NYSE:RAL) is highlighted as one of the best IPO tech stocks to buy now. Oppenheimer recently initiated coverage on Ralliant with an Outperform rating and a $55 price target, citing the company’s attractive play on grid hardening and aerospace and defense budgets.

In Q2 2025, Ralliant reported a revenue of $503 million, a 6% decrease year-over-year but a 4% increase sequentially. The company’s adjusted EBITDA margin was 19.8%, down 5.3% year-over-year due to lower volumes in the Test & Measurement segment and increased costs.

Ralliant Corporation operates in two segments: Test & Measurement and Sensors & Safety Systems. The Sensors & Safety Systems segment performed well, with revenue of $311 million, driven by demand in utilities and defense markets. Conversely, the Test & Measurement segment saw a 15% revenue decline due to weakness in the EV and battery markets.

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Read more at Yahoo Finance.: Oppenheimer Initiates Coverage on Ralliant (RAL) with an Outperform Rating, $55 PT