BNP Paribas Names Eaton (ETN) a Top Pick for 2026 with $430 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- AI-Driven Growth: BNP Paribas has named Eaton (ETN) a top investment pick for 2026, setting a price target of $430, implying nearly 30% upside from recent trading levels, indicating a disconnect between market valuation and fundamentals.
- Improving Sales Trends: Despite cooling investor sentiment, Eaton's data center revenue surged 45% in 2024 and increased another 50% in the first nine months of 2025, showcasing the company's robust sales potential in a rapidly growing market.
- Acquisition Enhances Outlook: Following Eaton's acquisition of Boyd, a liquid cooling solutions supplier, data center revenue is now expected to grow at an annual rate exceeding 40%, significantly enhancing the company's competitive edge in high-value content markets, with Boyd's revenue projected to triple from 2025 to 2028.
- Vehicle Unit Separation Benefits Shareholders: Analysts noted that Eaton is exploring options for its vehicle business, valued at approximately $5 billion, which could help reduce debt or return capital to shareholders, further boosting investor confidence and positioning the company for renewed growth.
Analyst Views on ETN
Wall Street analysts forecast ETN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETN is 401.36 USD with a low forecast of 340.00 USD and a high forecast of 440.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 334.040
Low
340.00
Averages
401.36
High
440.00
Current: 334.040
Low
340.00
Averages
401.36
High
440.00
About ETN
Eaton Corporation plc is an intelligent power management company. Its Electrical Americas segment consists of electrical components, industrial components, power distribution and assemblies, residential products, circuit protection, utility power distribution, wiring devices and others. The Electrical Global segment consists of electrical components, industrial components, power distribution and assemblies, single phase and three phase power quality, and services. The Aerospace segment is a global supplier of aerospace fuel, hydraulics, and pneumatic systems for commercial and military use and filtration systems for industrial applications. The Vehicle segment designs, manufactures, markets, and supplies drivetrain, powertrain systems and critical components. The eMobility segment designs, manufactures, markets, and supplies mechanical, electrical, and electronic components and systems. The Company is also engaged in providing thermal monitoring for critical electrical equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
