Roth Capital raised the firm’s price target on nVent Electric (NVT) to $185 from $135 and keeps a Buy rating on the shares. The company delivered a strong Q1 earnings beat, guided Q2 ahead of expectations, and raised its 2026 outlook, with results being driven by accelerating AI data center demand, strong organic growth, orders, and backlog, supporting improved visibility into 2026, the analyst tells investors in a research note.
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