10 Best Industrial Stocks Benefiting from the Data Center Boom

6. Johnson Controls International plc (NYSE:JCI)

Potential Upside: 11.10%

Number of Hedge Fund Holders: 75

Johnson Controls International plc (NYSE:JCI) is one of the best industrial stocks benefiting from the data center boom. According to a report by TheFly on May 7, UBS boosted its price target on Johnson Controls to $170 from $160 while keeping a Buy rating on the stock following the release of the company’s quarterly earnings report.

UBS attributed the price target increase to the company’s potential to achieve meaningful positive revisions over the medium-term. On May 6, Johnson Controls reported an 8% increase in its sales for the second quarter of its fiscal year 2026 to $6.1 billion.

Johnson Controls Chief Executive Officer Joakim Weidemanis highlighted that the company was able to convert sustained demand into consistent growth. He added:

“Orders grew 30% and backlog reached a record $20 billion, reflecting strength in data centers and other high‑growth, technology‑driven operating environments where we differentiate. While we remain early in our Business System journey, we are encouraged by the momentum we are seeing across the organization. With a strong first‑half performance, we are raising our full‑year guidance and remain focused on delivering long‑term value for our customers and shareholders.”

Of the 26 analyst ratings compiled by CNN, 50% rated Johnson Controls Buy, while 38% assigned a Hold rating. As of May 8, the stock has a median price target of $155, an 11.10% upside from the current price of $139.52.

Johnson Controls International plc (NYSE:JCI) is engaged in thermal management, mission-critical building systems, energy efficiency, and decarbonization. The company helps customers use energy more productively, reduce carbon emissions, and operate with precision.

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