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Parker-Hannifin Corporation (NYSE:PH) is one of the 15 Best Data Center Stocks to Buy and Hold for the Next Decade.

On July 2, 2026, Truist analyst Jamie Cook raised the firm's price target on Parker-Hannifin Corporation (NYSE:PH) to $1,269 from $1,147 and kept a Buy rating on the shares. Cook adjusted estimates and targets in the machinery, infrastructure services, and multi-industry group as part of a Q2 preview. Cook said Truist sees a positive setup for Q2 earnings reports across the sector, with demand trends remaining strong and supported by secular growth tailwinds in power, data center, aerospace and defense, and infrastructure.

On June 30, Deutsche Bank analyst Nicole Deblase placed a "Catalyst call: Buy" on shares of Parker-Hannifin as a short-term investment idea. Deblase said the stock's year-to-date underperformance will continue its recent reversal, as investors increasingly seek out short-cycle industrial exposure.

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On June 10, Bernstein analyst Varun Govindaraj initiated coverage of Parker-Hannifin with an Outperform rating and $1,026 price target. Govindaraj cited Parker-Hannifin's history of "operational excellence" and its continued shift to higher margin, higher growth markets and stickier revenue streams as reasons for the stock's premium multiple.

Parker-Hannifin Corporation (NYSE:PH) manufactures and sells motion and control technologies and systems for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets in North America, Europe, Asia Pacific, and Latin America.

While we acknowledge the potential of PH 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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