Goldman Sachs analyst Mark Delaney raised the firm’s price target on Vertiv Holdings to $43 from $38 and keeps a Buy rating on the shares. The analyst increased 2024 and 2025 estimates to better reflect the company’s datacenter opportunity, including for power/thermal management demand to support artificial intelligence. The firm believes revenue to hyperscale and co-location datacenter companies accounts for roughly 20% of Vertiv’s total revenue.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on VRT:
- Vertiv Holdings put volume heavy and directionally bearish
- Starboard takes stake in Algonquin Power, exits position in Enovis
- Vertiv Holdings price target raised to $41 from $40 at TD Cowen
- Vertiv Holdings call volume above normal and directionally bullish
- Vertiv Holdings 20M share Spot Secondary priced at $35.10