Vertiv shares fell 13.9% over the past week. Investor concerns about financing the broader AI infrastructure build-out have partly driven the decline, weighing on data center suppliers.
Morgan Stanley sees potential upside of 60% from Vertiv’s current share price.
Vertiv shares have fallen for 10 consecutive trading days. They are down 18.7% during that streak. The decline erased approximately $18.3 billion from Vertiv’s market capitalization as of October 19.
Vertiv is scheduled to report third-quarter earnings on October 28.