5 Best Data Center Stocks to Buy and Hold for the Next Decade

4. Legence Corp. (NASDAQ:LGN)

On June 22, 2026, Barclays raised the firm’s price target on Legence Corp. (NASDAQ:LGN) to $80 from $60 and kept an Equal Weight rating on the shares. Barclays said May machinery and construction data reinforced its view of strong dollar activity but weak volumes. The firm noted that growth remains concentrated in AI, while infrastructure is “supportive but normalizing.”

A month earlier, Tigress Financial raised the firm’s price target on Legence to $125 from $85 and kept a Buy rating on the shares. Tigress cited the company’s “accelerating growth runway,” pointing to a combination of near-term execution and long-duration, contractually supported demand across structurally advantaged end markets.

Similarly, BofA analyst Sherif El-Sabbahy raised the firm’s price target on Legence to $105 from $90 and kept a Buy rating on the shares after the company delivered a “strong Q1” and backlog expanded to $5.4B from $3.7B in Q4. Following the report, BofA raised adjusted EBITDA estimates 11% and 19% for 2026 and 2027, respectively.

Legence Corp. (NASDAQ:LGN) provides engineering, installation, and maintenance services for mission-critical systems in buildings in the United States.