10 AI Stocks On Wall Street’s Radar

8. Eaton Corporation plc (NYSE:ETN)

Number of Hedge Fund Holders: 88

Eaton Corporation plc (NYSE:ETN) is a global power management company offering electrical, aerospace, vehicle, and eMobility solutions. On March 12, KeyBanc analyst Jeffrey Hammond upgraded the stock from “Sector Weight” to Overweight with a price target of $340.00. The rating follows Eaton’s investor day Tuesday afternoon.

The analysts said the stock’s recent pullback has created a “unique entry point into one of our highest-quality names.” Eaton, whose fast-growing data center business benefits from artificial intelligence investment spending, had tumbled in response to DeepSeek’s emergence. Despite AI spending fears still looming, the analysts are encouraged by Eaton management who noted that only 20% of their electrical backlog in their North and South American segment is tied to AI.

The firm is optimistic that Eaton’s data center business can sustain growth in the high-teens percentages and it likes the long-term growth targets outlined at Tuesday’s investor event. Eaton projected 6% to 9% organic growth through 2030. This is compared with the 5% to 8% target previously offered for the 2020 to 2025 period.