Morgan Stanley lowered the firm’s price target on Vertiv (VRT) to $125 from $140 and keeps an Overweight rating on the shares. Vertiv has generated quarterly orders of $2.6B over the last twelve months, matching the 2026 revenue forecasts that “the market is so concerned about,” says the analyst. As such, Vertiv can “deliver on these estimates without growing orders or even burning backlog,” the analyst contends. Coming out of Q1, however, the firm lowered its price target after updating estimates and marking-to-market its multiple after a material derating to start 2025.
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