Loop Capital analyst Ananda Baruah initiated coverage of Vertiv (VRT) with a Buy rating and $500 price target The firm says the company has a “fly-wheel” just as the “industry enters the front-end of a legitimate AI infrastructure super cycle.” It sees material upside to consensus estimates. While Vertiv shares are up more than 130% this year, “this is just the beginning for this best-of-breed technology innovator,” the analyst tells investors in a research note.
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