SPX Technologies Sees Increased Price Target Amid Strong Q1 Performance

Sidoti has increased its price target for SPX Technologies (SPXC) from $175 to $193, citing positive trends in power consumption in data centers and growth in healthcare infrastructure projects. The average target price among 7 analysts is $186.20, with an upside of 9.84% from the current price of $169.52. The company reported a 12% increase in adjusted EBITDA and a 10% rise in adjusted EPS for Q1.

Sidoti has recently increased its price target for SPX Technologies (SPXC) from $175 to $193, citing positive trends in power consumption in data centers and growth in healthcare infrastructure projects. The average target price among seven analysts is $186.20, with an upside of 9.84% from the current price of $169.52. The company reported a 12% increase in adjusted EBITDA and a 10% rise in adjusted EPS for Q1 [2].

Analysts at Sidoti believe that the company's growth prospects are bolstered by increasing demand for data center services and healthcare infrastructure projects. The data center sector is experiencing a significant surge in power consumption due to the growing need for cloud computing and data storage. Meanwhile, the healthcare infrastructure sector is witnessing robust growth driven by advancements in medical technology and the increasing need for digital health solutions.

The company's strong financial performance in Q1, marked by a 12% increase in adjusted EBITDA and a 10% rise in adjusted EPS, underscores its ability to capitalize on these sector trends. This performance is particularly notable given the challenging macroeconomic conditions that have impacted many industries.

Additionally, SPX Technologies' high return on equity (ROE) of 14% indicates that the company is efficiently utilizing shareholder capital to generate profits. This high ROE, coupled with the company's strong earnings growth, suggests that SPX Technologies is well-positioned to continue delivering robust financial performance in the future [2].

Investors interested in Technology Services stocks should closely monitor SPX Technologies' performance and the broader sector trends that are driving its growth. The company's strong fundamentals and positive analyst sentiment make it an attractive option for investors seeking exposure to the technology sector.

References:
[1] Reuters. (2025, July 10). E2open Parent Q1 subscription revenue USD 132.9 million. Retrieved from https://www.tradingview.com/news/reuters.com,2025-07-10:newsml_PLX82B8C9:0-brief-e2open-parent-q1-adjusted-eps-usd-0-05/
[2] Simply Wall St. (2025, July 14). SPX Technologies: Strong Financial Prospects Driving Stock Performance. Retrieved from https://simplywall.st/stocks/us/capital-goods/nyse-spxc/spx-technologies/news/are-strong-financial-prospects-the-force-that-is-driving-the-1945
[3] Yahoo Finance. (2025, July 1). Futu vs. SPX Technologies: Which Stock Offers the Better Value Opportunity? Retrieved from https://finance.yahoo.com/news/futu-spxc-better-value-stock-154003575.html