Evercore ISI analyst Amit Daryanani has maintained their bullish stance on VRT stock, giving a Buy rating today.
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Amit Daryanani has given his Buy rating due to a combination of factors that highlight Vertiv Holdings’ strategic positioning and growth potential. Vertiv is identified as a crucial partner in developing specialized solutions for cloud service providers, particularly in collaboration with AWS. This partnership involves supplying essential components for AWS’s new liquid cooling technology, which underscores Vertiv’s integral role in the evolving data center infrastructure landscape.
Furthermore, despite potential competition from AWS’s innovations, Vertiv’s comprehensive portfolio that extends beyond liquid cooling to include thermal and power management solutions solidifies its leadership in the sector. This diversified offering not only strengthens Vertiv’s market position but also supports its long-term growth prospects, justifying the Buy rating.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $125.00 price target.