RBC Capital analyst Deane Dray raised the firm’s price target on Vertiv (VRT) to $435 from $356 and keeps an Outperform rating on the shares. The firm notes that the company’s upcoming May 19-20 investor meeting will be a datacenter power/cooling technology showcase. RBC adds that it estimates Vertiv can at least grow topline by 20%-25% organically through 2030 with 25%-30% incrementals, net of capacity/growth investments, to deliver among sector-best mid-to-high 20% or more EPS CAGR, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VRT:
- Vertiv price target raised to $440 from $370 at BofA
- Vertiv price target raised to $412 from $345 at Barclays
- Loop starts Vertiv at Buy into AI infrastructure ‘super cycle’
- Vertiv initiated with a Buy at Loop Capital
- Nigel Coe Maintains Hold on Vertiv as AI-Driven Growth Upside Appears Fully Priced into 2030 Earnings Outlook