Oppenheimer raises Vertiv stock price target, keeps Outperform rating By Investing.com
Oppenheimer has maintained a positive outlook on Vertiv Holdings Co. (NYSE: NYSE:), increasing its price target to $121 from the previous $115, while keeping an Outperform rating on the stock.
Shares of Vertiv experienced a mid-single-digit percentage drop on Wednesday, despite the company reporting third-quarter earnings that surpassed both top and bottom-line expectations set by consensus.
Vertiv also provided guidance for the fourth quarter of 2024, with EBIT and EPS midpoints above analyst predictions, and revealed expectations for above-consensus organic growth for the fiscal year 2025.
The analyst noted that the decision to stop providing order guidance, which was factored into Wednesday’s trading, might lead to less volatility…
