SPX Technologies (SPXC) Well-Positioned for Data Center Infrastructure Evolution

SPX Technologies (NYSE:SPXC) is one of the 15 best Industrial Machinery and Supplies stocks to buy according to Hedge Funds.

As of the close of play on February 3, sentiment remains moderately bullish around SPX Technologies (NYSE:SPXC). The stock received coverage from 6 analysts, 4 of whom assigned Buy ratings and 2 Hold ratings. With a median 1-year price target of $229, it offers almost 8% upside potential from the prevailing level.

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On January 6, TD Cowen reaffirmed its Hold rating on SPX Technologies (NYSE:SPXC), with a price target of $225. The cautious rating is based on concerns regarding Nvidia’s cooling technology shift, which is driving massive changes across the data center infrastructure space. The firm, however, views SPX as well-positioned, with products that will remain integral for heat rejection in liquid-cooled data center systems, despite ongoing evolution in the broader landscape.

SPX Technologies (NYSE:SPXC) is a global supplier of engineered infrastructure equipment. With a focus on technologically advanced offerings that improve energy efficiency and infrastructure performance, they cater to various markets such as detection, measurement, and heating, ventilation & cooling (HVAC).

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Disclosure: None. This article is originally published at Insider Monkey.