Evercore ISI analyst Amit Daryanani raised the firm’s price target on Vertiv Holdings to $80 from $75 and keeps an Outperform rating on the shares. The firm views Vertiv as “a unique way for investors to play a multitude of secular themes related to data center growth,” particularly in an AI-centric environment, and believes that the company can sustain mid/high 20’s EPS compound annual growth to about $6.50 EPS over next few years in an upside scenario, the analyst tells investors.
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 call volume above normal and directionally bullish
- Vertiv Holdings price target raised to $69 from $60 at TD Cowen
- Vertiv Holdings price target raised to $65 from $53 at JPMorgan
- Vertiv Holdings price target raised to $56 from $50 at Mizuho
- VRT Earnings: Vertiv Plummets as Q1 Outlook Falls Short of Estimates