Vertiv price target raised to $151 from $140 at Oppenheimer

Oppenheimer raised the firm’s price target on Vertiv (VRT) to $151 from $140 and keeps an Outperform rating on the shares. The firm notes shares were up Wednesday after Vertiv beat Q2 top-/bottom-line consensus and guided second half of the year above the Street while posting record quarterly orders. Results/outlook imply clear share gains in Oppenheimer’s view and connect to Vertiv’s efforts to enable customer speed-to-market through capacity expansion, modular/prefab solutions, and portfolio alignment with AI infrastructure requirements.