5 Best HVAC Stocks to Buy for AI Server Heat Mitigation

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1. Johnson Controls International plc (NYSE:JCI)

Short Percentage of Shares Outstanding: 1.56%

On June 9, Morgan Stanley analyst Christopher Snyder raised the firm’s price target on Johnson Controls International plc (NYSE:JCI) to $175 from $140 while maintaining an Overweight rating on the shares. The analyst pointed to the company’s increased multi-year organic growth target announced at Gemba Day, where management projected high-single-digit organic growth. Morgan Stanley believes the revised target is ambitious yet achievable, reflecting confidence in the company’s growth strategy and execution capabilities.

Earlier, on June 3, Wolfe Research increased its price target on Johnson Controls International plc (NYSE:JCI) to $171 from $165 while reiterating an Outperform rating. The firm stated that the company’s recent investor event demonstrated meaningful progress in its ongoing operational transformation, particularly through the successful implementation of lean manufacturing initiatives. According to Wolfe Research, the changes underway are expected to improve efficiency, strengthen profitability, and position Johnson Controls to deliver sustained growth as demand for advanced building technologies continues to increase.

Founded in 1885 and headquartered in Cork, Ireland, Johnson Controls International plc (NYSE:JCI) engineers and manufactures building automation, HVAC, fire-safety, and refrigeration systems. As a premier HVAC stock, it provides mission-critical thermal management and advanced cooling infrastructure designed for high-density AI data centers.

While we acknowledge the potential of JCI as the best HVAC stock to buy, 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 JCI and that has 100x upside potential, check out our report about this cheapest AI stock.

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