Regal Rexnord (RRX) Shares Soar 1.46% on KeyBanc Price Target Hike

Regal Rexnord (RRX) shares rose to their highest level since February 2025 today, with an intraday gain of 1.46%.

The strategy of buying RRX shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The cumulative return was -8.37%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a reliable strategy for RRX, suggesting a need for a more robust approach considering the company's fundamentals and market conditions.

KeyBanc has raised the price target for Regal Rexnord from $125 to $180, reflecting a significant 44% increase. This adjustment indicates stronger long-term confidence in the company's business prospects, which could positively influence investor sentiment.

Regal Rexnord reported Q1 2025 revenue of $1.42 billion, surpassing analyst estimates of $1.38 billion. Despite an 8.4% year-on-year decline, this performance represents a 3% beat, which might contribute to positive sentiment towards the stock.

Regal Rexnord's shares have crossed above their 200-day moving average of $146.09, reaching as high as $147.06. This technical indicator is often seen as a bullish signal, suggesting potential upward momentum in the stock price.