Analyst Joe Ritchie of Goldman Sachs maintained a Buy rating on nVent Electric, retaining the price target of $140.00.
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Joe Ritchie has given his Buy rating due to a combination of factors that highlight nVent Electric’s promising growth potential. The company is strategically positioned to benefit from major trends such as electrification and power load growth, with over 75% of its portfolio exposed to these secular trends. Additionally, nVent’s significant presence in the Infrastructure sector, particularly in Data Centers and Power Utilities, which each account for 50% of this vertical, underscores its robust market position.
Moreover, nVent’s planned capacity expansion, particularly in Liquid Cooling, is set to increase significantly, with the Blaine facility expected to be fully operational by the fourth quarter of 2026. This expansion aligns with the company’s differentiation in technological capability and manufacturing scale, supported by strong partnerships with leading hyperscalers and chip makers. The introduction of 14 new products and their collaboration with Nvidia further solidify nVent’s role as a key player in the industry, providing a solid foundation for future growth.
In another report released today, Barclays also maintained a Buy rating on the stock with a $140.00 price target.
NVT’s price has also changed dramatically for the past six months – from $66.220 to $104.970, which is a 58.52% increase.