Vertiv price target raised to $150 from $100 at Evercore ISI

Evercore ISI analyst Amit Daryanani raised the firm’s price target on Vertiv (VRT) to $150 from $100 and keeps an Outperform rating on the shares. Given the view that the company’s services will become increasingly critical as data centers grow more complex, the firm argues that the stock “looks like a compelling way for investors to play secular trends related to AI data centers” and calls Vertiv “the best positioned company to benefit from the AI tailwinds” on the data center physical infrastructure side. Vertiv stands out as an integrated player capable of addressing the full stack of data center infrastructure needs, from power and thermal to integrated services and lifecycle support, the analyst added.