Truist Raises its Price Target on SPX Technologies (SPXC)

SPX Technologies, Inc. (NYSE:SPXC) is one of the 15 Best Data Center Stocks to Buy and Hold for the Next Decade.

On July 2, 2026, Truist raised the firm's price target on SPX Technologies, Inc. (NYSE:SPXC) to $295 from $261 previously and kept a Buy rating on the shares. Truist adjusted estimates and targets in the machinery, infrastructure services, and multi-industry group as part of a Q2 preview. The firm sees a positive setup for Q2 earnings reports across the sector, with demand trends remaining strong and supported by secular growth tailwinds in power, data center, aerospace and defense, and infrastructure.

On June 22, SPX Technologies, Inc. (NYSE:SPXC) announced a planned leadership transition within its Detection & Measurement segment. John Swann plans to retire in January 2027. As part of the succession plan, Eric Kaled will succeed Swann as leader of the D&M segment, effective on August 31, 2026.

SPX Technologies, Inc. (NYSE:SPXC) supplies engineered solutions serving the heating, ventilation, and cooling, and detection and measurement markets in the United States, Canada, China, the United Kingdom, and internationally.

While we acknowledge the potential of SPXC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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