In a report released today, Andrew Kaplowitz from Citi maintained a Buy rating on Vertiv Holdings (VRT – Research Report), with a price target of $130.00.
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Andrew Kaplowitz has given his Buy rating due to a combination of factors that highlight Vertiv Holdings’ strong market position and growth potential. The company is well-positioned to capitalize on the durable growth in AI and data center-related markets, with a projected global data center IT load growth of 14% CAGR through 2030. Vertiv’s focus on innovation and self-help initiatives further strengthens its ability to outgrow the industrial market.
Additionally, Kaplowitz is optimistic about Vertiv’s ability to mitigate tariff headwinds over time, which could lead to margin expansion. The company’s strong operational leverage and capital deployment strategies, including potential mergers and acquisitions or share repurchases, are expected to support earnings growth. These solid fundamentals and the potential for improved performance have led to an increase in the EV/EBITDA target multiple and the target price for Vertiv’s stock.
Kaplowitz covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Fluor, and MasTec. According to TipRanks, Kaplowitz has an average return of 26.6% and a 71.87% success rate on recommended stocks.
In another report released on June 10, Goldman Sachs also maintained a Buy rating on the stock with a $122.00 price target.