Truist Names APi Group (APG) Top Pick as Facility Services Demand Holds Firm

APi Group Corporation (NYSE:APG) is included among the 12 Best HVAC Stocks to Buy Now.

On January 21, Truist raised its price target on APi Group Corporation (NYSE:APG) to $50 from $41 and reaffirmed its Buy rating. The firm said it continues to view the facility services space favorably heading into 2026, describing the sector as “largely insulated” from broader macro swings and AI-related shifts in the labor market. In its note to investors, Truist named APi Group its top pick in the sector for 2026, pointing to “strong” project demand and further upside to Street estimates as multiples expand. The firm also noted that APi shares still trade at a discount compared with recent private equity deals involving fire safety businesses.

More recently, on February 2, APi announced that it had completed its previously disclosed acquisition of CertaSite, an inspection-first provider of fire and life safety services operating across the Midwest. Management said the deal strengthens APi’s standing as a leading safety services provider with a focus on non-discretionary, regulatory-driven, and recurring revenue streams. CertaSite is expected to be accretive to APi’s “10/16/60+” shareholder value creation framework, supported by its inspection-led model, strong EBITDA margins, and asset-light structure.

APi Group Corporation (NYSE:APG) operates as a global leader in business services, offering fire and life safety, security, elevator and escalator, and specialty services through a network of more than 500 locations worldwide. The company generates a substantial portion of its revenue from recurring, statutorily mandated, and contracted services, serving a long-standing and diversified customer base across multiple industries.

While we acknowledge the potential of APG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.