Michael Elias, an analyst from TD Cowen, maintained the Buy rating on Vertiv Holdings (VRT – Research Report). The associated price target was lowered to $139.00.
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Michael Elias has given his Buy rating due to a combination of factors surrounding Vertiv Holdings’ financial performance and market dynamics. Vertiv’s fourth-quarter results for 2024 were better than anticipated, although the order growth for the same period was flat. Despite the challenges in the EMEA region due to power constraints and regulatory issues, which led to a reduction in the 2025 revenue growth forecast for that area, the overall 2025 outlook remains promising. The company has increased its guidance for organic revenue growth in the Americas, driven by a substantial rise in data center leasing activities in 2024.
Although there is some concern about the longer-term outlook, particularly with uncertainties in the data center market and shifts in demand from hyperscale buyers, Elias maintains a positive view on Vertiv’s growth potential for 2025. The record demand for data centers positions the company well for potential revenue upside next year. Despite the mixed guidance and evolving market conditions, these factors collectively underpin Elias’s confidence in recommending a Buy rating for Vertiv Holdings.
According to TipRanks, Elias is a 4-star analyst with an average return of 9.2% and a 50.79% success rate.
In another report released on February 7, Evercore ISI also maintained a Buy rating on the stock with a $150.00 price target.