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Resideo Technologies Inc (NYSE:REZI) stock reached a new 52-week high, hitting $29.74. This milestone reflects a significant upward trajectory for the company, which has seen its stock price increase by an impressive 48.89% over the past year. The $4.09 billion market cap company has demonstrated robust growth with revenue surging 20% and analysts setting a $35 price target. The strong performance highlights investor confidence and positive market sentiment surrounding Resideo Technologies. The company’s recent achievements and strategic initiatives may have contributed to this notable rise in its stock value, positioning it favorably in the market. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with 8 additional exclusive insights available to subscribers, including detailed profitability forecasts and momentum indicators.
In other recent news, Resideo Technologies reported robust financial results for the second quarter of 2025, surpassing both earnings and revenue expectations. The company posted an earnings per share of $0.66, exceeding the projected $0.54, which represents a 22.22% surprise. Revenue also surpassed forecasts, reaching $1.94 billion compared to the expected $1.83 billion. This marks the strongest quarter of organic revenue growth for Resideo in 15 quarters, with nine consecutive quarters of gross margin expansion in its Products & Solutions segment.
Following these results, Morgan Stanley (NYSE:MS) upgraded Resideo Technologies from Equalweight to Overweight, citing the company’s earnings potential. The firm increased its price target from $24.00 to $35.00, suggesting a potential 27% upside. These developments reflect a positive outlook for the company, as evidenced by the analyst upgrade and strong quarterly performance.
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