Air Products Is Up 12% Year to Date. Here’s Where the Stock Could Go in 2026

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Air Products and Chemicals (APD) stock is up 12% year-to-date, trading near $276, driven by strong Q1 fiscal 2026 earnings and reaffirmed guidance. The company’s valuation model suggests a target price of $349, indicating a 27% upside, based on projected revenue growth, operating margins, and P/E multiple. The positive outlook is supported by capital discipline, major clean energy projects transitioning to revenue generation, and strong demand from the electronics sector.

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