DA Davidson Raises Modine (MOD) PT to $265 Following FQ3 Beat, Exceptional AI Data Center Momentum

Modine Manufacturing Company (NYSE:MOD) is one of the under-the-radar AI stocks to buy. On February 9, DA Davidson analyst Matt Summerville increased the firm’s price target for Modine to $265 from $255 and kept a Buy rating following a FQ3 2026 earnings beat. Summerville noted that the company’s data center funnel, win rates, and order bookings remain exceptional. Additionally, multiple potential long-term agreements are expected as key hyperscalers look to secure capacity, which in turn de-risks future inbound orders.

Furthermore, on February 6, B. Riley also increased the price target for Modine Manufacturing Company (NYSE:MOD) to $250 from $190 while maintaining a Buy rating on the shares. The decision was made as the firm adjusted its estimates following the company’s FQ3 earnings report.

The firm noted that the expansion of data center capacity and the spin-off of the Performance Technologies segment transform Modine into a high-volume, pure-play climate solutions manufacturer with higher-margin products.

Modine Manufacturing Company (NYSE:MOD) designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the US, Canada, Italy, Hungary, the UK, China, and internationally.

While we acknowledge the potential of MOD 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. This article is originally published at Insider Monkey.