Vertiv Holdings initiated with an Outperform at Oppenheimer

Oppenheimer initiated coverage of Vertiv Holdings with an Outperform rating and $96 price target. The firm is positive on the company as a leading AI infrastructure player with sustainable competitive differentiation in data center power and thermal management and sees it well positioned for growth and wallet share gains as compute density increases, the analyst tells investors in a research note. Vertiv’s leading application expertise, innovation and co-engineering capabilities, portfolio breadth and depth, manufacturing scale, and service network will be critical to helping customers solve the challenges of building AI for the physical world, the firm added.