Vertiv Holdings, 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 $195.00 price target.
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Andrew Obin has given his Buy rating due to a combination of factors, primarily driven by Vertiv Holdings’ impressive financial performance and strategic positioning. The company’s orders surged by 60% year-over-year, significantly surpassing expectations and demonstrating robust demand in the market. This growth was accompanied by a notable increase in backlog and revenue, which exceeded consensus estimates by 3%.
Additionally, Vertiv’s adjusted earnings per share (EPS) outperformed expectations by $0.25, with core operations and a favorable tax rate contributing to this upside. The management’s decision to raise the midpoint of 2025 adjusted EPS guidance further underscores confidence in continued growth. Vertiv’s strong presence in the rapidly expanding data center market positions it well for future success, justifying the Buy rating.
In another report released yesterday, Roth MKM also reiterated a Buy rating on the stock with a $195.00 price target.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VRT in relation to earlier this year.