In a report released today, Christopher Snyder from Morgan Stanley maintained a Buy rating on Vertiv Holdings (VRT – Research Report), with a price target of $140.00.
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Christopher Snyder has given his Buy rating due to a combination of factors that highlight Vertiv Holdings’ growth potential despite recent market fluctuations. The company has demonstrated a strong order run-rate of $2.45 billion since the start of 2024, surpassing the revenue guidance for 2025 and aligning closely with 2026 forecasts. This indicates the potential for double-digit organic growth in the coming years without needing to significantly increase orders or reduce backlog.
Moreover, the volatility in quarterly orders is attributed to the project-based nature of Vertiv’s business, where order timing can be inconsistent. This inconsistency is further compounded by the growing size of individual data centers, leading to more concentrated orders. Additionally, as the supply chain stabilizes, the urgency for placing orders has lessened, providing an opportunity for sustainable growth. Snyder views the recent stock sell-off as an opportunity to invest, maintaining confidence in the company’s ability to achieve multi-year growth and sustain positive revisions.
Snyder covers the Industrials sector, focusing on stocks such as Honeywell International, Rockwell Automation, and WW Grainger. According to TipRanks, Snyder has an average return of 5.2% and a 51.61% success rate on recommended stocks.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $139.00 price target.