TD Cowen analyst Michael Elias has maintained their bullish stance on VRT stock, giving a Buy rating today.
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Michael Elias has given his Buy rating due to a combination of factors including Vertiv Holdings’ strong third-quarter results and increased guidance for 2025. The company reported significant order growth, which aligns with the accelerating demand in the data center industry. Elias views this demand as a positive indicator for Vertiv’s future performance, especially as the company is expanding its production capacity to meet this demand.
Moreover, Elias believes that the current market conditions present a buying opportunity, particularly for companies like Vertiv that are well-positioned to benefit from the growing need for data center infrastructure. Despite some short-term challenges such as elevated capital expenditures and lower margins due to increased investments, Elias is optimistic about Vertiv’s long-term growth potential. Consequently, he has raised the price target for Vertiv’s stock to $210, reaffirming it as a top pick in his coverage universe.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $195.00 price target.