SPX Technologies, Inc. (NYSE:SPXC) Stock Has Consensus Price Target of $243.82 According to Brokerages

Key Points

• Analysts remain broadly bullish: Fourteen brokerages give SPX Technologies a consensus “Moderate Buy” rating, with an average 12-month price target of $243.82. Eleven analysts recommend buying, one recommends a strong buy, and two rate the stock a hold.
• Recent results and outlook were strong: Third-quarter revenue rose 20.5% year over year to $714.5 million, while adjusted EPS of $2.21 exceeded estimates. Management also raised its 2026 adjusted EBITDA growth forecast to approximately 25% and highlighted about $1.1 billion in data-center-related capacity.
• Shares remain below recent averages amid market risks: SPXC opened at $159.65, below its 50-day and 200-day moving averages, and is down 4.5% as broader market concerns weigh on sentiment. Institutional investors own 92.82% of the company, with recent filings showing both purchases and sales.

Shares of SPX Technologies, Inc. (NYSE:SPXC - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $243.82.

SPXC has been the topic of a number of analyst reports. Robert W. Baird assumed coverage on shares of SPX Technologies in a report on Monday, October 5th. They set an "outperform" rating and a $220.00 target price on the stock. Citigroup restated a "buy" rating on shares of SPX Technologies in a research report on Friday. Vertical Research began coverage on SPX Technologies in a research note on Monday, September 28th. They set a "buy" rating and a $215.00 price target for the company. Wells Fargo & Company cut their price objective on shares of SPX Technologies from $250.00 to $243.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Finally, Truist Financial reduced their target price on SPX Technologies from $301.00 to $266.00 and set a "buy" rating for the company in a research note on Monday, October 5th.

Institutional Trading of SPX Technologies

Several large investors have recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of SPX Technologies by 1,063.0% during the third quarter. Covestor Ltd now owns 2,233 shares of the company's stock worth $379,000 after buying an additional 2,041 shares in the last quarter. Provenance Wealth Advisors LLC purchased a new stake in SPX Technologies in the 3rd quarter valued at $354,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in SPX Technologies by 81.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,000 shares of the company's stock valued at $1,017,000 after purchasing an additional 2,700 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in SPX Technologies by 13.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,332 shares of the company's stock worth $1,243,000 after purchasing an additional 855 shares during the period. Finally, Segment Wealth Management LLC lifted its holdings in shares of SPX Technologies by 18.3% during the 3rd quarter. Segment Wealth Management LLC now owns 12,025 shares of the company's stock worth $2,039,000 after acquiring an additional 1,858 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company's stock.

Key Headlines Impacting SPX Technologies

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Raised 2026 outlook and data-center opportunity: Management increased its 2026 adjusted EBITDA growth forecast to approximately 25% and outlined roughly $1.1 billion of data-center-related capacity, reinforcing expectations for continued demand in cooling and HVAC infrastructure. SPX outlines data center capacity and raises EBITDA guidance
• Positive Sentiment: Third-quarter results exceeded estimates: SPX Technologies reported $714.5 million in revenue, up 20.5% year over year, and adjusted earnings of $2.21 per share versus the $2.12 consensus estimate. Revenue, operating profit and earnings all improved from the prior-year period. SPX Technologies third-quarter earnings report
• Positive Sentiment: Valuation argument remains supportive: One analysis estimates SPXC could be about 17% undervalued even after the guidance increase. The company’s growth profile is also supported by prior analyst targets substantially above its recent trading level. SPX Technologies stock may be undervalued
• Neutral Sentiment: Mixed institutional positioning: Recent filings show both additions and reductions by major investors, including purchases by Capital World Investors and sales by BlackRock, offering no clear institutional consensus. The company has comparatively moderate leverage, but quarterly capital spending and total liabilities remain important areas to monitor. SPX Technologies third-quarter financial results
• Negative Sentiment: Broader market risk is weighing on sentiment: Technical analysts warned that a break in S&P 500 support could trigger steeper selling. That market-wide caution may be pressuring SPXC even though its operating results and guidance were favorable. Market technical analysis and S&P 500 support warning

SPX Technologies Trading Down 4.5%

SPXC opened at $159.65 on Monday. The firm's fifty day moving average is $178.60 and its two-hundred day moving average is $207.51. The firm has a market cap of $8.00 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 1.04 and a beta of 1.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.84. SPX Technologies has a twelve month low of $148.17 and a twelve month high of $251.08.

SPX Technologies (NYSE:SPXC - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.09. The firm had revenue of $714.50 million during the quarter, compared to analysts' expectations of $710.38 million. SPX Technologies had a net margin of 11.48% and a return on equity of 16.96%. The company's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 earnings per share. Equities research analysts anticipate that SPX Technologies will post 8.43 EPS for the current year.

SPX Technologies Company Profile

SPX Technologies, Inc NYSE: SPXC is a diversified industrial technology company that develops and manufactures engineered products and solutions for the heating, ventilation, air conditioning and infrastructure markets. The company serves commercial, industrial and residential customers through specialized technologies designed to support building climate control, utility infrastructure and related applications.

SPX Technologies operates through two primary business segments: HVAC and Detection & Measurement.

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