William Blair analyst Ross Sparenblek has maintained their bullish stance on SPXC stock, giving a Buy rating today.
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Ross Sparenblek has given his Buy rating due to a combination of factors that highlight SPX’s strong market position and growth potential. The company has demonstrated an ability to exceed expectations, with a notable increase in orders in the first half of 2025, driven by the Detection and Measurement (D&M) segment and supported by demand in the CommTech sector. This growth is expected to continue with the expansion of their HVAC offerings, particularly in the data center cooling towers and engineered air movement (EAM) sectors.
Furthermore, SPX’s upward revision of its 2025 guidance reflects the company’s strategic positioning to capitalize on secular trends such as data center expansion and broader infrastructure developments. The anticipated increase in data center sales and EAM capacity, along with projected revenue from acquisitions, supports a positive outlook for sustained organic growth. These factors collectively underpin Sparenblek’s confidence in SPX’s ability to achieve its medium-term margin targets and justify the Buy rating.
In another report released today, UBS also maintained a Buy rating on the stock with a $210.00 price target.