VRT Stock Recent News
VRT LATEST HEADLINES
Vertiv Holdings Co. (VRT) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.46 per share a year ago.
Vertiv's stock has surged by more than 90% since I last covered it in December. This is mainly due to demand prospects for the company's power and liquid cooling solutions, driven by the growth in Gen AI workloads in data centers. Thus, I have a price target of $123, but this remains conditional upon progress in sales, profits, and bookings during the forthcoming earnings call.
Vertiv Holdings is set to report its second-quarter FY2024 earnings this week. VRT experienced double-digit topline growth in 2023, with moderate growth in 2024 due to tougher comps in the Americas region. Healthy demand and a strong backlog level are expected to drive topline growth in the upcoming quarter.
Vertiv's (VRT) second-quarter 2024 results are expected to benefit from an expanding market share in the thermal management space.
Vertiv Holdings is benefiting from the rapid rise of data centers purpose-built for artificial intelligence.
Vertiv Holdings Co. (VRT) closed the most recent trading day at $82.56, moving +0.95% from the previous trading session.
Vertiv (VRT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Data centers house loads of server racks that can experience extreme heat due to a constant activity. Vertiv specializes in thermal cooling solutions that help sustain data center power and performance.
Vertiv (VRT) is well positioned to outperform the market, as it exhibits above-average growth in financials.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?