Badger Meter (NYSE:BMI) Stock Analysis: Sales Decline, Lawsuit, and Analyst Price Target

• Badger Meter (NYSE:BMI), a leader in water utility solutions, currently holds a market capitalization of approximately $3.63 billion.
• An analyst from Seaport Global recently set a price target of $160.00 for Badger Meter stock, indicating a potential upside of 28.23% from its then-trading price of $124.78.
• The company faces a shareholder lawsuit deadline following a significant stock price drop of over 24%, triggered by a 9% decline in total sales and a 10% decrease in utility water revenue.

Badger Meter (NYSE:BMI) is a company that manufactures products for water utilities, municipalities, and industrial customers. It specializes in flow measurement and control technology, like smart water meters. The company has a current market capitalization of approximately $3.63 billion, which is the total value of all its shares.

On July 23, 2026, an analyst from Seaport Global set a new price target for Badger Meter at $160.00. A price target is an analyst's projection of a stock's future price. At the time, with the stock at $124.78, this suggested a potential upside, or increase, of 28.23%.

This optimistic target comes as shareholders face a lead plaintiff deadline of August 3, 2026, for a lawsuit against Badger Meter. The legal action follows a significant stock price drop on April 17, 2026, when Badger Meter shares fell over 24%, losing $36.75 per share in a single day.

The stock's collapse happened after Badger Meter announced that its total sales fell 9% compared to the previous year. Its utility water revenue saw an even larger decrease of 10%. This performance went against earlier company promises of "high single-digit average top line growth" for investors.

Following a Q2 2026 earnings call on July 22, the stock now trades at $124.26. As highlighted by Seeking Alpha, a transcript of the call is available. The stock's 52-week range is between $112.09 and $204.00, showing significant price movement over the past year.