SPX Technologies (NYSE:SPXC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Analyst support and price targets: Wells Fargo raised its target to $240 and kept an "overweight" rating, while the consensus price target across analysts is $247.22 with a "Moderate Buy" average—implying double‑digit upside from current levels.
• Quarterly beat and guidance: SPX reported Q1 EPS of $1.69 (vs. $1.55 est.) and revenue of $566.8M (up 17.4% YoY), and issued FY2026 EPS guidance of $7.75–$8.15, signaling continued top‑line momentum.
• Market reaction and valuation: Shares fell about 5.1% to $207.75 despite the beat, likely due to profit‑taking and valuation pressure as the stock trades at a high P/E (~41.6).

SPX Technologies (NYSE:SPXC - Get Free Report) had its price objective raised by stock analysts at Wells Fargo & Company from $225.00 to $240.00 in a report released on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 15.52% from the stock's current price.

Several other brokerages have also recently commented on SPXC. BMO Capital Markets began coverage on SPX Technologies in a research note on Friday, March 27th. They issued an "outperform" rating and a $243.00 price target for the company. Wall Street Zen cut SPX Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Bank of America raised SPX Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $240.00 to $280.00 in a research note on Friday, February 13th. Oppenheimer boosted their price target on SPX Technologies from $240.00 to $272.00 and gave the company an "outperform" rating in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. began coverage on SPX Technologies in a research note on Wednesday, March 4th. They issued an "overweight" rating and a $260.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $247.22.

SPX Technologies Stock Down 5.1%

Shares of SPXC traded down $11.16 during trading hours on Friday, reaching $207.75. The company's stock had a trading volume of 214,435 shares, compared to its average volume of 445,419. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 41.58, a P/E/G ratio of 1.62 and a beta of 1.34. SPX Technologies has a 1-year low of $142.11 and a 1-year high of $246.68. The company has a quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $212.45 and a two-hundred day moving average of $211.55.

SPX Technologies (NYSE:SPXC - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.55 by $0.14. The company had revenue of $566.80 million for the quarter, compared to the consensus estimate of $557.62 million. SPX Technologies had a return on equity of 17.82% and a net margin of 10.77%.The firm's quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.38 EPS. SPX Technologies has set its FY 2026 guidance at 7.750-8.150 EPS. As a group, research analysts predict that SPX Technologies will post 7.79 EPS for the current fiscal year.

Hedge Funds Weigh In On SPX Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPXC. Royal Bank of Canada grew its holdings in SPX Technologies by 8.1% during the first quarter. Royal Bank of Canada now owns 38,386 shares of the company's stock valued at $4,942,000 after purchasing an additional 2,892 shares during the last quarter. AQR Capital Management LLC grew its holdings in SPX Technologies by 74.5% during the first quarter. AQR Capital Management LLC now owns 20,734 shares of the company's stock valued at $2,670,000 after purchasing an additional 8,854 shares during the last quarter. Millennium Management LLC grew its holdings in SPX Technologies by 214.4% during the first quarter. Millennium Management LLC now owns 83,285 shares of the company's stock valued at $10,725,000 after purchasing an additional 56,799 shares during the last quarter. NewEdge Advisors LLC grew its holdings in SPX Technologies by 21.8% during the first quarter. NewEdge Advisors LLC now owns 625 shares of the company's stock valued at $80,000 after purchasing an additional 112 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in SPX Technologies by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 192,129 shares of the company's stock valued at $24,742,000 after purchasing an additional 3,353 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company's stock.

More SPX Technologies News

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

• Positive Sentiment: Q1 results beat expectations — SPX reported $1.69 EPS vs. Street $1.55 and revenue of $566.8M (above estimates), driven by 17% year‑over‑year revenue growth. This demonstrates continued top‑line momentum. SPX Reports First Quarter 2026 Results
• Positive Sentiment: Company issued FY‑2026 guidance and the range implies continued growth — FY EPS guidance of $7.75–$8.15 and revenue guidance around $2.6B reinforce management’s confidence and give investors a tangible target for the year. SPX Reports First Quarter 2026 Results
• Positive Sentiment: Analyst support: Truist raised its price target to $251 (from $244), signaling bullish analyst reaction to the quarter and outlook. Truist Raises its Price Target on SPX Technologies (SPXC) to $251 from $244
• Neutral Sentiment: Earnings call commentary confirmed broad-based strength across end markets and reinforced the guidance drivers — useful context for modeling but not a surprise to the beat. (See transcript for details on backlog, margin drivers, and capital allocation). SPX Technologies, Inc. (SPXC) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst/metrics notes highlight the beat but show mixed margin and efficiency trends to monitor; review Zacks and other write‑ups for granular items to watch in models (working capital, segment mix). Compared to Estimates, SPX Technologies (SPXC) Q1 Earnings: A Look at Key Metrics
• Negative Sentiment: Shares are trading lower despite the beat — likely profit‑taking and valuation pressure (SPX trades at a relatively high P/E), so short‑term sentiment appears to be outweighing fundamentals for now. SPX Technologies’s NYSE: SPXC Q1 CY2026 Sales Beat Estimates

SPX Technologies Company Profile

SPX Technologies NYSE: SPXC is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company's Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.

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