William Blair analyst Brian Drab has maintained their bullish stance on NVT stock, giving a Buy rating on August 2.
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Brian Drab has given his Buy rating due to a combination of factors including nVent Electric’s strong second-quarter performance and upward revision of full-year guidance. The company reported adjusted earnings per share that exceeded expectations, alongside revenue growth that was significantly above consensus estimates. This robust financial performance was driven by strong contributions from recent acquisitions and organic growth, particularly in data solutions and power utilities.
Additionally, nVent Electric’s management has revised its full-year revenue guidance upward, anticipating substantial growth driven by increased demand in data center and utility sectors. The company’s backlog has grown significantly, providing a clear outlook for continued success in the latter half of 2025. These factors, combined with the positive impact of acquisitions and reduced tariff costs, underpin Drab’s confidence in the stock’s potential, leading to his Buy rating.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $103.00 price target.