Wall Street Continues To Raise Price Target On Data Center Cooling Stock Modine Manufacturing (MOD)

Modine Manufacturing Company (NYSE:MOD) is one of the 12 Best Mid-Cap AI Stocks to Buy According to Analysts. Following its earnings report and announcement of a $4 billion long-term agreement with a data center customer, UBS raised its price target on Modine Manufacturing Company (NYSE:MOD). The firm increased its price target on MOD from $310 to $355 while maintaining a Buy rating on May 28. The upwardly revised price target reflects an additional 28% upside from the current levels.

Modine Manufacturing Company (NYSE:MOD) is one of the 12 Best Mid-Cap AI Stocks to Buy According to Analysts.

The analyst believes consensus estimates for the company could move higher in the coming periods as it continues to deliver positive updates. He also highlighted that the stock’s valuation remains attractive. Based on these factors, the analyst expects the stock to have additional upside potential.

Modine Manufacturing Company (NYSE:MOD) released its fourth-quarter fiscal 2026 earnings report on May 27. Supported by a 29% rise in gross profit, Q4 sales grew 47%. On the balance sheet side, the company ended the fiscal year with net debt of $363 million and a leverage ratio of 0.8x. For the full year, capital expenditures reached $143 million, with some data center-related spending expected to shift into the next fiscal year.

Modine Manufacturing Company (NYSE:MOD) operates as a manufacturer, engineer, designer, tester, and seller of mission-critical thermal solutions. The company’s product portfolio includes heat transfer products, data center products, powertrain cooling products, and coatings products & application services. It was founded in 1916 and is based in Racine, Wisconsin.

While we acknowledge the risk and potential of MOD 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 MOD and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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