5 Best Data Center Engineering and Construction Stocks To Buy

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1. Legence Corp. (NASDAQ:LGN)

On April 20, 2026, GLJ Research initiated coverage of Legence Corp. (NASDAQ:LGN) with a Buy rating and a $99 price target. The firm said Legence is playing an increasingly important role in addressing integration capacity constraints for data center cooling customers. Based on channel checks with hyperscaler and colocation clients, GLJ believes demand is accelerating and that Wall Street may be underestimating upside to the company’s 2026 guidance.

On April 16, 2026, Tigress Financial raised its price target on Legence Corp. (NASDAQ:LGN) to $85 from $60 and maintained a Buy rating. The firm said Legence is well-positioned to benefit from the AI-driven data center buildout cycle, noting that data centers now account for 49% of the company’s record $3.7B backlog.

Similarly, Stifel analyst Brian Brophy raised his price target on Legence Corp. (NASDAQ:LGN) to $77 from $60 and kept a Buy rating. The firm said its Q1 survey of electrical and mechanical contractors showed project activity improved sequentially and exceeded expectations, with data centers remaining a major area of strength.

Legence Corp. (NASDAQ:LGN) provides engineering, installation, and maintenance services for mission-critical building systems in the United States through its Engineering & Consulting and Installation & Maintenance segments.

While we acknowledge the potential of LGN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LGN and that has 100x upside potential, check out our report about the cheapest AI stock.

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