I reiterate my Buy rating on Vertiv Holdings Co with a $127 price target, despite recent Amazon news and a short-term share price dip. Amazon's in-house liquid cooling announcement triggered a selloff despite the news not being new. I do not expect this to materially change Vertiv's growth story. Vertiv remains well-positioned for AI infrastructure growth across other hyperscalers, supported by strong demand for compute capacity for AI applications.
In the most recent trading session, Vertiv Holdings Co. (VRT) closed at $128.37, indicating a +1.97% shift from the previous trading day.
VRT sees 25% backlog growth and raises 2025 outlook as AI infrastructure demand fuels new orders.
Data center Vertiv Holdings Co (NYSE:VRT) is charging 2.9% higher to trade at $129.93 this morning, after landing an upgrade at Melius Research to "buy" from "hold.
Recently, Zacks.com users have been paying close attention to Vertiv (VRT). This makes it worthwhile to examine what the stock has in store.
Shares in data center equipment company Vertiv (VRT 2.91%) surged by 19% in June, according to data provided by S&P Global Market Intelligence. The move comes as the market's concerns over a slowdown in data center capital spending have been assuaged by positive news flow from companies like Vertiv's partner, data center architecture company Nvidia (NVDA 1.28%).
From a technical perspective, Vertiv Holdings Co. (VRT) is looking like an interesting pick, as it just reached a key level of support. VRT's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.
Vertiv Holdings Co. (VRT) closed at $124.33 in the latest trading session, marking a +1.46% move from the prior day.
Does Vertiv Holdings Co. (VRT) have what it takes to be a top stock pick for momentum investors? Let's find out.
Vertiv (VRT) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Vertiv (VRT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
VRT stock climbs above key moving averages as it raises 2025 guidance and expands NVIDIA partnership, fueling investor optimism.