TLDR
- Citi placed Vertiv Holdings on a 90-day “Upside catalyst watch” with a Buy rating and raised the price target from $167 to $192 based on strong data center infrastructure demand.
- Vertiv expects 2025 sales to exceed $10 billion, up from $8 billion in 2024, driven by spending from data center operators like Microsoft, Amazon, and Alphabet.
- Goldman Sachs increased Vertiv’s price target to $159, while Barclays raised its target to $145 from $128, showing broad analyst confidence.
- Vertiv announced the retirement of CTO Stephen Liang and appointed Scott Armul as his successor, causing a positive stock price reaction.
- Vertiv shares have gained 47% year-to-date and about 55% over the past 12 months, trading at approximately 35 times next year’s forecasted earnings.
Vertiv Holdings stock received a boost Thursday when Citi placed the company on a bullish 90-day catalyst watch. The move reflects growing confidence in the data center infrastructure market.
Analyst Andrew Kaplowitz cited increased conviction on robust data center demand as the primary driver. Citi projects 56% average annual spending growth in this sector between 2025 and 2029.
Kaplowitz maintained a Buy rating and raised his price target to $192 from $167. The new target represents upside from the stock’s recent trading levels around $169.
Vertiv makes critical infrastructure products that cool and power data centers. The company positions itself as an AI enabler, serving hyperscalers like Microsoft, Amazon, and Alphabet.
The company expects 2025 sales to surpass $10 billion. That’s a jump from $8 billion in 2024, tracking with increased capital spending from major tech companies.
Wall Street Shows Broad Support
Goldman Sachs also raised its price target to $159, noting strong year-to-date sales. The firm pointed to demand across multiple sectors as a positive factor.
Barclays increased its target to $145 from $128 while maintaining an Equal Weight rating. Roth Capital views recent stock pullbacks as a buying opportunity, keeping its $162 target.
Overall, 83% of analysts covering Vertiv rate shares as a Buy. That compares to the S&P 500 average of about 55%.
The average analyst price target sits at approximately $161 per share. That’s slightly below current trading levels.
Vertiv shares have climbed 47% year-to-date. Over the past 12 months, the stock has gained about 55%.
Shares traded at $168.88 on Thursday, up 0.9%. The S&P 500 and Dow Jones Industrial Average fell 0.5% and 0.3% respectively on the same day.
Leadership Transition Sparks Interest
Vertiv announced the retirement of CTO Stephen Liang and appointed Scott Armul as his successor. The announcement coincided with a positive stock price reaction.
Investors view Armul’s appointment as a potential catalyst for product innovation. His leadership is expected to drive the company’s technology strategy forward.
The executive transition comes at a time when Vertiv needs to maintain its competitive edge. Rapid technological advances and increased competition make fresh vision important.
Vertiv’s latest earnings report shows operating revenue of $2.64 billion with gross profit at $897 million. Net income reached $324 million with an EBIT margin of 14.4%.
The company maintains a current ratio of 1.7 and EBITDA of $516 million. Total assets amount to $10.4 billion with cash and equivalents at $1.64 billion.
Barron’s wrote favorably about Vertiv in August 2024 when shares traded around $80. The publication argued the company would benefit from AI computing growth.
Vertiv shares now trade at about 35 times estimated next year’s forecasted earnings. That’s similar to valuation levels from a year ago.
On Friday, October 10, 2025, Vertiv stock traded up 6.05% in early trading.
