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Resideo Technologies Inc (REZI), with a market capitalization of $5.2 billion, has achieved a significant milestone as its stock reached an all-time high of 34.97 USD. This notable performance reflects the company’s impressive growth trajectory, with a remarkable 84% increase over the past year, supported by robust revenue growth of 20%. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value. The surge in stock price underscores investor confidence in Resideo Technologies’ strategic initiatives and market position, with particularly strong momentum shown in its 92% return over the past six months. As the company continues to innovate and expand its offerings, the stock’s upward momentum highlights its potential for future growth, with InvestingPro data revealing 10+ additional key insights about the company’s performance and prospects available to subscribers.
In other recent news, Resideo Technologies reported robust financial results for the second quarter of 2025, exceeding both earnings and revenue forecasts. The company achieved an earnings per share of $0.66, surpassing the expected $0.54, resulting in a 22.22% surprise. Revenue reached $1.94 billion, which was above the forecasted $1.83 billion. These results marked the strongest quarter of organic revenue growth in 15 quarters and continued a trend of nine consecutive quarters of gross margin expansion in the Products & Solutions segment. Additionally, Morgan Stanley upgraded Resideo Technologies from Equalweight to Overweight, citing the company’s earnings potential. The firm raised its price target for Resideo from $24.00 to $35.00, indicating a potential 27% upside from current levels. These developments reflect a positive outlook for Resideo Technologies among investors and analysts.
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