Vertiv Holdings (VRT – Research Report), the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Andrew Obin from Bank of America Securities reiterated a Buy rating on the stock and has a $165.00 price target.
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Andrew Obin has given his Buy rating due to a combination of factors, primarily focusing on the promising long-term demand outlook for Vertiv Holdings. Despite short-term challenges, such as delays in European data center orders, the company’s substantial growth in the Americas, which constitutes a significant portion of its revenue, remains a strong point. The CEO’s expectation of a pickup in orders during 2025, supported by a robust pipeline, also contributes to the optimistic outlook.
Additionally, the forecasted financial metrics bolster the Buy rating, with a projected 17% organic revenue growth for 2025 and a notable increase in adjusted EPS. Despite market volatility, the resilience in hyperscale capital expenditure plans suggests continued investment in Vertiv’s sector, further supporting the positive recommendation. The set price objective of $165.00 USD reflects confidence in the company’s ability to overcome current hurdles and capitalize on growth opportunities.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $140.00 price target.