Vertiv Holdings price target raised to $125 from $105 at Evercore ISI

Evercore ISI raised the firm’s price target on Vertiv Holdings to $125 from $105 and keeps an Outperform rating on the shares. The liquid cooling market is rapidly evolving as data center needs for higher server densities continue to escalate, says the firm, which views Vertiv as “uniquely positioned” to tackle both the power and thermal management demands associated with AI data centers. The firm, which thinks that not just total GW needed to run data centers will go higher, but also the content per MW for Vertiv, anticipates an acceleration in both sales and margin over the next few years.