In a report released today, Michael Elias from TD Cowen maintained a Buy rating on Vertiv Holdings, with a price target of $269.00.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Michael Elias has given his Buy rating due to a combination of factors, notably Vertiv’s substantial upside in quarterly results and guidance that outpaced expectations, alongside record order growth tied to accelerating U.S. data center demand from hyperscalers and AI labs. He underscores that equipment pricing is rising faster than costs, supporting margin expansion as Vertiv scales to meet multiple multi‑gigawatt data center build‑outs.
Additionally, Elias points to Vertiv’s exceptional trailing‑twelve‑month organic order increase of roughly 81% year over year and a sizeable backlog of about $15 billion entering 2026, both of which provide strong revenue visibility. His channel checks highlight major wins, including a billion‑dollar contract related to TPU‑as‑a‑service infrastructure, reinforcing his view that Vertiv is well positioned to gain share and remain a top idea through 2026.
In another report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $280.00 price target.