Badger Meter's recent financial performance and Baird's updated price target bring to light several key metrics that are noteworthy for investors. According to InvestingPro data, Badger Meter holds a market capitalization of $5.6 billion, with a high price-to-earnings (P/E) ratio of 49.75, indicating a premium valuation compared to the market. The company's revenue growth remains robust, with a 24% increase over the last twelve months as of Q2 2024, showcasing its ability to expand its top line significantly.