Vertiv’s Stock Price Surge: Analyzing Recent Developments
Despite broader market conditions, Vertiv Holdings LLC stocks have been trading up by 6.05 percent.
Key News Highlights
- Citi raised Vertiv’s price target to $192 from $167, maintaining a Buy rating due to high demand for data center infrastructure.
- Goldman Sachs increased Vertiv’s price target to $159, noting strong year-to-date sales and demand across various sectors.
- Despite a recent stock pullback, Roth Capital views the dip as a ‘buying opportunity,’ maintaining a $162 price target.
- Barclays increased Vertiv’s price target to $145 from $128, keeping an Equal Weight rating.
- Vertiv announced the retirement of CTO Stephen Liang and appointed Scott Armul as his successor, causing a stock price increase.
