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Evercore Maintains Vertiv Holdings(VRT.US) With Buy Rating, Raises Target Price to $125

Futu News ·  Oct 7 20:33  · Ratings

Evercore analyst Amit Daryanani maintains $Vertiv Holdings (VRT.US)$ with a buy rating, and adjusts the target price from $105 to $125.

According to TipRanks data, the analyst has a success rate of 58.1% and a total average return of 12.0% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Vertiv Holdings (VRT.US)$'s main analysts recently are as follows:

  • The liquid cooling market is undergoing rapid evolution due to the increasing necessity for higher server densities in data centers. Vertiv Holdings is seen as 'uniquely positioned' to meet the growing power and thermal management requirements that AI data centers demand. Expectations are set for a rise in both the total GW required to operate data centers and the content per MW for Vertiv, which is anticipated to lead to an acceleration in sales and margins in the coming years.

  • Vertiv Holdings is well-positioned to capitalize on the increasing construction of data centers, taking a leading role in the liquid cooling sector. The company is projected to significantly grow its earnings, potentially seeing a positive shift in earnings forecasts due to a robust backlog anticipated to extend into 2025, strategic capital deployment opportunities, and a surge in data center capacity developments.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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