12 AI News and Analyst Ratings You Probably Missed

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6. nVent Electric plc (NYSE:NVT)

Number of Hedge Fund Holders: 48

nVent Electric plc (NYSE:NVT) provides electrical connection and protection solutions for industrial, commercial, and infrastructure applications worldwide.

On March 21, Seaport Research analyst Scott Graham upgraded nVent Electric (NYSE:NVT) to Buy from Neutral, setting a price target of $74. The firm considers concerns about reduced AI-related data center spending to be exaggerated, as demand for computing and storage is expected to stay strong even with lower AI projections. Additionally, the firm anticipates continued strength in nVent’s main markets, including buildings and power, through 2025.

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