Core Viewpoint - Badger Meter, Inc. has shown strong financial performance in Q3 2025, leading to an upgrade in stock rating from Hold to Buy by Stifel Nicolaus, with a price target of $215 indicating a potential upside of 21.23% from the current price of $177.35 [1][6]. Financial Performance - Total sales for Q3 2025 reached $235.7 million, marking a 13% increase from $208.4 million in the previous year [2]. - Base sales grew by 8% year-over-year, totaling $224.5 million, reflecting strong demand for the company's products and services [2]. - Operating earnings increased by 13% to $46.1 million, with operating profit margins slightly improving to 19.6% from 19.5% year-over-year [3]. - Base operating earnings rose by 15%, reaching $46.6 million, further supporting the positive outlook [3]. Stock Performance - Despite the positive financial results, Badger Meter's stock price decreased by 5.37%, or $10.06, to $177.35, indicating some market volatility [4][6]. - The stock has fluctuated between a low of $176.04 and a high of $204 during the trading day, with a yearly high of $256.08 and a low of $162.17 [4]. Market Activity - Badger Meter's market capitalization is approximately $5.23 billion, with a trading volume of 1,209,410 shares on the NYSE, suggesting active investor interest in the company's performance and growth potential [5].