Vertiv Gets First Sell Rating, GLJ Sees 26% Downside

GLJ Research initiated coverage of Vertiv Holdings (VRT) with a Sell rating and a $188.00 price target. The target implies about 26% downside from Vertiv’s October 5 closing price of $253.62. It is the first Sell rating for the company from a research firm, while analyst sentiment is otherwise broadly positive.

GLJ’s bearish view centers on valuation. The firm values Vertiv at 16 times its 2027 adjusted EBITDA estimate, compared with nearly 28 times forward EV/EBITDA for the stock. GLJ also projects lower 2027 revenue and EBITDA than the market consensus.

BMO Capital also issued a new rating, assigning Vertiv an Outperform and a $329 price target. The contrasting calls highlight divided analyst sentiment on the data center infrastructure provider.