Comfort Systems USA rated strong buy with $2,415 target, 26% upside on growth in tech and manufacturing sectors.

Analyst initiates coverage of Comfort Systems USA with a strong buy rating and a $2,415 price target, suggesting a 26% upside from current levels. Key growth drivers include demand in data centers, technology infrastructure, advanced manufacturing, modular construction, and electrical services. The analyst projects these factors could add about $629.75 million in incremental EBITDA, reaching a forward EBITDA estimate of $2.73 billion within 12 to 18 months. Risks include labor shortages, margin normalization, customer concentration, and valuation pressures.