{
  "id": 16913871,
  "title": "UBS reiterates Johnson Controls stock rating on data center growth",
  "url": "https://urgent.news/2026/10/28/ubs-reiterates-johnson-controls-stock-rating-on-data-center-growth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T14:52:45.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/ubs-reiterates-johnson-controls-stock-rating-on-data-center-growth-93CH-4979921"
  },
  "original_language": "en",
  "account": "UBS has maintained a Buy rating and set a price target of $180.00 for Johnson Controls International (NYSE:JCI) shares, citing impressive data center thermal management prospects and strong backlog growth. Over the past year, the stock has risen 40.6% to $156.43, nearing its 52-week high. Although analysts believe the shares may be overvalued, UBS sees potential for substantial upside beyond the company's own guidance, projecting double-digit growth in 2028 and beyond.\n\nThe company's backlog reached $23 billion in the fourth quarter, exceeding UBS's expectations by about $1 billion. Johnson Controls maintained no signs of pipeline slowdown, indicating sequentially higher backlog even as revenue accelerates. The firm anticipates notable growth benefits from rising thermal management requirements as data center power demand increases at the rack level.\n\nUBS notes that rack density has increased 14-fold over the past five years, with power consumption climbing from 10 kilowatts in 2020 to 140 kilowatts in Blackwell Ultra, featuring 72 GPUs per rack. Thermal management needs scale proportionally with energy density, presenting a high and sustainable growth opportunity for Johnson Controls. The firm highlighted the company's favorable valuation, as it trades at a low P/E ratio relative to near-term earnings growth, with a PEG ratio of just 0.6.\n\nRecent fiscal results reinforced the positive outlook, with Johnson Controls reporting adjusted earnings of $1.59 per share on $7.11 billion in revenue, surpassing expectations. The company's record backlog and strong full-year execution were key drivers. Wells Fargo upgraded its price target for JCI shares to $200 from $186, maintaining an Overweight rating, citing the fourth-quarter results as evidence of a significant growth shift.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}