RBC Capital raised the firm’s price target on APi Group (APG) to $53 from $45 and keeps an Outperform rating on the shares. The firm expects the company to beat and raise FY26 revenue guidance, driven by strong backlog and favorable end-market demand, while its Data Center business is positioned to represent 10% of FY26 revenues, with the potential to drive sustained growth over the medium term, the analyst tells investors in a research note.
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Read More on APG:
- APi Group price target raised to $54 from $49 at UBS
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- APi Group: Buy Rating Reaffirmed on Strong Growth Momentum and Justified Valuation Premium
- APi Group sees FY26 revenue $8.4B-$8.6B, consensus $8.46B