William Blair analyst Brian Drab has maintained their bullish stance on VRT stock, giving a Buy rating today.
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Brian Drab has given his Buy rating due to a combination of factors that highlight Vertiv Holdings’ strong financial performance and growth potential. The company reported impressive third-quarter results, with revenue, adjusted operating profit, and adjusted EPS all surpassing consensus expectations. A significant increase in orders, up 60% year-over-year and 20% sequentially, further supports the positive outlook.
Additionally, Vertiv’s backlog grew by 30% year-over-year, reaching $9.5 billion, and the book-to-bill ratio was a robust 1.4 times. Geographically, the company experienced substantial organic revenue growth of 43% in the Americas and 21% in APAC, although there was a slight decline of 4% in EMEA. These factors collectively underscore the company’s strong market position and potential for continued growth, justifying the Buy rating.
In another report released today, Goldman Sachs also maintained a Buy rating on the stock with a $182.00 price target.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRT in relation to earlier this year.