5 Best European Stocks That Beat Earnings Estimates to Buy

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1. nVent Electric plc (NYSE:NVT)

On May 4, 2026, Roth Capital raised its price target on nVent Electric plc (NYSE:NVT) to $185 from $135 and maintained a Buy rating after a strong Q1 performance. The firm cited an earnings beat, better-than-expected Q2 guidance, and a higher 2026 outlook, driven by accelerating AI data center demand, solid organic growth, and a growing backlog that improves visibility into 2026.

RBC Capital analyst Deane Dray also lifted the price target to $180 from $151 with an Outperform rating, pointing to a 15% operating earnings beat, and a 2026 EPS outlook raised 7% above consensus, alongside a doubling of organic sales guidance supported by data center, liquid cooling, and power utility momentum.

UBS analyst Neal Burk raised the price target to $200 from $164 and kept a Buy rating, citing favorable end-market exposure and continued execution. Barclays analyst Julian Mitchell increased the price target to $190 from $150 with an Overweight rating, noting the Q1 beat and saying the company’s “high growth” profile could support a valuation re-rating.

On May 1, 2026, nVent Electric plc (NYSE:NVT) reported Q1 adjusted EPS of $1.09 versus 64c consensus and revenue of $1.2B compared to $1.11B expected. CEO Beth Wozniak said the company delivered a “tremendous start,” with record sales and orders and backlog rising to $2.6B, supported by growth across all verticals led by data center demand.

nVent Electric plc (NYSE:NVT) provides electrical connection and protection solutions across global markets.

While we acknowledge the potential of NVT 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 NVT and that has 100x upside potential, check out our report about the cheapest AI stock.

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