Comfort Systems USA shares surge 5.17% intraday on strong earnings forecast and upgraded analyst price targets.

Comfort Systems USA (FIX) surged 5.17% intraday following a strong earnings forecast and analyst upgrades. The stock’s rise coincided with projected year-over-year EPS growth of 65.53% and revenue of $2.28 billion, signaling robust demand in the HVAC sector. UBS and Stifel analysts raised price targets to $1,140 and $1,069, respectively, citing a record $8.1 billion backlog and sequential growth in project bookings. Institutional buying also contributed, with firms like Munro Partners and Federated Hermes increasing holdings. A DCF analysis highlighted the stock as 28.4% undervalued, reinforcing investor optimism. The move aligns with broader industry tailwinds, including U.S. industrial reshoring and constrained labor supply, which position FIX to capitalize on long-term construction and modular project demand.