5 Best AI Pick-and-Shovel Stocks to Buy

2. Modine Manufacturing Company (NYSE:MOD)

On March 29, 2026, GLJ Research analyst Austin Wang initiated coverage of Modine Manufacturing Company (NYSE:MOD) with a Buy rating and a “Street-high” $290 price target on the shares. Austin Wang has said that the private competitor checks and hyperscaler margin trends point to upside in both long-term guidance and margins, adding that the market is underestimating Modine Manufacturing Company (NYSE:MOD)’s North American data center chiller capacity ramp.

Meanwhile, DA Davidson has maintained a Buy rating and a $265 price target on Modine Manufacturing Company (NYSE:MOD) after meeting with management, saying it came away “quite bullish on a number of fronts.” The firm has noted that the company’s datacenter funnel has expanded significantly since its September 2024 analyst day, supporting its growth outlook through FY28, and pointed to additional upside from hyperscaler demand, international data center expansion, and non-data center opportunities.

Modine Manufacturing Company (NYSE:MOD) provides thermal management and cooling solutions, including data center cooling systems and related services.