Evercore ISI raised the firm’s price target on Vertiv Holdings (VRT) to $135 from $125 and keeps an Outperform rating on the shares after the company reported an “impressive” September-end quarter. Positively, Vertiv noted they expect revenue growth to accelerate in calendar 2025 from 14% growth in 2024 and operating margins should continue to expand, notes the firm, which thinks this should “comfortably” enable Vertiv to see mid/high teens revenue growth in 2025 and EPS greater than $3.50.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRT:
- Vertiv Holdings price target raised to $121 from $115 at Oppenheimer
- Vertiv Holdings price target raised to $125 from $110 at Mizuho
- Vertiv Holdings price target raised to $115 from $93 at TD Cowen
- Vertiv Holdings price target raised to $140 from $130 at BofA
- Vertiv Holdings price target raised to $134 from $130 at Citi