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Truist Raises its Price Target on SPX Technologies (SPXC) to $251 from $244

SPX Technologies, Inc. (NYSE:SPXC) is one of the 7 Best Data Center Cooling Companies to Invest In.

On April 20, 2026, Truist analyst Jamie Cook raised the price target on SPX Technologies, Inc. (NYSE:SPXC) to $251 from $244 and maintained a Buy rating as part of a broader Q1 preview across machinery, infrastructure services, and multi-industry companies. The firm pointed to improving industrial conditions, noting that March U.S. Manufacturing PMI rose to 52.7 after positive readings in January and February. Truist said the setup for Q1 results appears favorable, though it cautioned that the Iran conflict could still weigh on sentiment and disrupt a broader industrial recovery. The firm also noted that channel destocking appears largely behind the industry, with improving trends in construction and mining equipment, commercial vehicles, and semiconductors.

Earlier in the month, Wells Fargo analyst Joseph O’Dea lowered the price target on SPX Technologies, Inc. (NYSE:SPXC) to $225 from $270 and maintained an Overweight rating. The firm said its recent industry calls did not reflect heightened caution tied to the Middle East conflict, but warned that continued geopolitical uncertainty could pressure sentiment until there is more clarity.

Last month, BMO Capital initiated coverage of SPX Technologies, Inc. (NYSE:SPXC) with an Outperform rating and a $243 price target. The firm said SPX has transformed over the past five years into a SMID-cap compounder with strong growth and margin characteristics, highlighting its HVAC exposure, differentiated technology, disciplined capital allocation, and multiple long-term growth drivers.

SPX Technologies, Inc. (NYSE:SPXC) supplies engineered solutions for the HVAC and detection and measurement markets globally.

While we acknowledge the risk and potential of SPXC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SPXC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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