TD Cowen analyst Lance Vitanza raised the firm’s price target on Vertiv Holdings to $41 from $40 and keeps an Outperform rating on the shares. The firm said their annual 2-day Communications Infrastructure Summit leaves us incrementally constructive on AI as a demand driver for power and thermal suppliers to data centers like Vertiv.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VRT:
- Vertiv Holdings put volume heavy and directionally bearish
- Vertiv Holdings call volume above normal and directionally bullish
- Vertiv Holdings 20M share Spot Secondary priced at $35.10
- Vertiv Holdings offers to sell 20M shares of common stock for holders
- Vertiv Holdings price target raised to $32 from $20 at Mizuho