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Eaton Corporation poised for growth driven by data center expansion and AI

Eaton Corporation (NYSE:ETN) is poised for strong growth, driven by data center expansion and electrification trends, according to UBS analyst Amit Mehrotra, who has set a Buy rating with a price target increase to $431. The company is expected to achieve high single-digit revenue growth and potentially reach earnings of $17 per share by 2028, surpassing consensus estimates. With 90 hedge fund holders, Eaton's focus on data center equipment positions it well in the competitive AI landscape.
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United States Dollar NVIDIA Corporation Eaton Corporation plc USA CHN Amit Mehrotra Josh Meyers Jensen Huang Show more
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20:40 20.11.2024
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