William Blair analyst Brian Drab has maintained their bullish stance on MOD stock, giving a Buy rating yesterday.
Brian Drab has given his Buy rating due to a combination of factors that highlight Modine’s promising growth prospects. The company has recently secured a significant $180 million order for its Airedale data center cooling systems from a new U.S. customer, a leading AI infrastructure developer. This order is expected to boost Modine’s data center revenue by more than 30% organically in fiscal 2026, surpassing previous growth estimates.
Furthermore, Modine’s Airedale portfolio includes high-efficiency cooling technologies, which are in demand despite market concerns about potential reductions in data center capital expenditures. The company’s ability to secure such a substantial order reflects strong demand for its products, and the recent decline in its share price presents a strategic buying opportunity. As a result, Brian Drab maintains an Outperform rating for Modine, indicating confidence in the company’s future performance.
In another report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $155.00 price target.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MOD in relation to earlier this year.