Wells Fargo & Company upgraded Vertiv Holdings Co (NYSE: VRT) to strong-buy on Saturday. Analysts remain generally bullish, with a consensus moderate-buy rating. The average price target is $357.08.
Vertiv reported second-quarter earnings of $1.52 per share. That topped the consensus estimate of $1.43. Quarterly revenue increased 24.1% year over year to $3.27 billion. Revenue was slightly below the consensus estimate of $3.38 billion.
Vertiv has pursued acquisitions to strengthen its ability to serve AI infrastructure. Analysts see AI infrastructure as a key growth driver.