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Stocks•8 June 2026•

1 min read

Wells Fargo Reaffirms Buy Rating for Ingersoll Rand with $88 Target

Key Facts

1Wells Fargo analyst Joe O’Dea reiterated a Buy rating on Ingersoll Rand (IR) with an $88.00 price target.

2Ingersoll Rand reported quarterly revenue of $1.85 billion and a net profit of $192.1 million.

Amid steady demand within the global industrial sector, Wells Fargo has reaffirmed its positive outlook on Ingersoll Rand. Analyst Joe O’Dea reiterated a Buy rating on the stock, maintaining a price target of $88.00. This confirmation follows the company's reported quarterly revenue of $1.85 billion and a net profit of $192.1 million, as detailed in the latest financial results.

The rating comes as industrial peers such as Dover Corp and Parker-Hannifin navigate varying growth cycles, with market data showing relatively stable profit margins across the sector. Compared to the same quarter last year, Ingersoll Rand's results reflect effective cost management in an inflationary environment, supporting a "Moderate Buy" consensus. Per market data, the reaffirmed target price represents a significant premium over recent trading levels.

Shares of IR closed at $73.91 (close June 09, 2026), trading between a low of $72.25 and a high of $74.46 during the session. Investors should monitor upcoming U.S. Factory Orders data for broader manufacturing trends, alongside any Federal Reserve commentary that could impact financing costs for large-scale industrial projects.