Deutsche Bank raised the firm’s price target on Vertiv Holdings to $48 from $39 and keeps a Buy rating on the shares. The stock has “clearly caught the AI wave,” but there is scope for over 50% further upside should data center investment continue to grow at a double-digit clip, the analyst tells investors in a research note. The firm sees a path to a $57-plus share price.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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 price target raised to $50 from $40 at Evercore ISI
- Vertiv Holdings price target raised to $43 from $38 at Goldman Sachs
- 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