UBS Raises Price Target for SPXC to $210, Reaffirms Buy Rating

UBS maintains a "Buy" rating for SPX Technologies (SPXC) and raises the price target from $182 to $210. This represents a 15.38% increase. Analyst Damian Karas initiated the coverage with a "Neutral" rating and raised the price target from $160 to $182 in June 2025. SPX Technologies is a supplier of HVAC products, detection and measurement technologies, and power equipment. The company has operations in the US, Canada, China, the UK, and others. The average target price for SPXC is $186.20, with a high estimate of $198 and a low estimate of $160. The average brokerage recommendation is 1.6, indicating "Outperform" status. The estimated GF Value for SPXC in one year is $123.87, suggesting a downside of 36.62% from the current price.

UBS Group has raised its price target for SPX Technologies (SPXC) to $210, reflecting a potential upside of 7.45% from its current price. The brokerage maintains a "buy" rating on the stock, as reported by Benzinga [1]. This upward revision comes on the heels of SPX Technologies' robust Q2 earnings, with revenue up 10.2% year-over-year and earnings per share (EPS) beating estimates at $1.65.

The new price target from UBS Group represents a significant increase from the previous target of $182.00. Analysts at UBS Group believe that SPX Technologies' strong financial performance and growth prospects justify the higher valuation. The company's revenue for the quarter ended June 2025 was $552.4 million, up 10.2% from the same period last year. This performance exceeded the consensus estimate of $547.05 million, according to data from Zacks Investment Research [2].

SPX Technologies operates in two segments: HVAC and Detection and Measurement. The company's HVAC segment saw a 5.7% year-over-year increase in revenue, while the Detection and Measurement segment grew by 21.3%. The company's segment income also showed strong growth, with the Detection and Measurement segment's income up 21.3% and the HVAC segment's income up 5.7% compared to the previous year [2].

In addition to the positive earnings report, SPX Technologies has received favorable analyst ratings from various brokerages. Analysts at Oppenheimer lifted their target price to $197.00 and gave the stock an "outperform" rating. B. Riley began coverage on SPX Technologies with a "buy" rating and a $195.00 price objective [1]. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The consensus rating for SPX Technologies is "Buy" with a consensus price target of $195.20 [1].

The company's stock has seen a positive response to the earnings report and analyst upgrades. Shares of SPXC traded up 7.7% during mid-day trading on Friday, hitting $196.43 [1]. The stock has a market capitalization of $9.18 billion, a P/E ratio of 44.14, and a price-to-earnings-growth ratio of 1.72 [1].

While the outlook for SPX Technologies appears positive, investors should also consider the company's debt-to-equity ratio of 0.60 and its 1-year low of $115.00. Additionally, the estimated GF Value for SPXC in one year is $123.87, suggesting a downside of 36.62% from the current price [3].

References:
[1] https://www.marketbeat.com/instant-alerts/spx-technologies-nysespxc-price-target-raised-to-21000-2025-08-01/
[2] https://www.nasdaq.com/articles/compared-estimates-spx-technologies-spxc-q2-earnings-look-key-metrics
[3] https://www.benzinga.com/insights/analyst-ratings/25/08/46805208/deep-dive-into-spx-technologies-stock-analyst-perspectives-4-ratings