RBC Capital raised the firm’s price target on Vertiv (VRT) to $356 from $344 and keeps an Outperform rating on the shares. The company reported a high-quality Q1 earnings beat and raise, the analyst tells investors in a research note. AI infrastructure spending by hyperscalers/colos/neoclouds continues to be the growth engine, and Vertiv has ample capital allocation optionality at just 0.2-times leverage for capacity expansion, the firm added.
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Read More on VRT:
- Vertiv price target raised to $353 from $340 at Citi
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