Bernstein SocGen Group initiated coverage on Vertiv Holdings Co. (NYSE: VRT) with an Outperform rating. The firm established a price target of $416.00.
Analyst Varun Govindaraj identified Vertiv as a primary pure-play manufacturer of data center power and cooling equipment. The bullish outlook is driven by surging infrastructure demand for artificial intelligence models.
Bernstein highlighted Vertiv's leadership in cooling technology and its capacity expansion to address a growing order backlog. The firm’s fiscal year 2028 revenue estimates are approximately 15% ahead of the market consensus.