Vertiv (VRT) Rides on AI-Driven Order Growth: Is the Stock a Buy? [Yahoo! Finance]
Vertiv Holdings, LLC Class A (VRT)
Company Research
Source: Yahoo! Finance
Vertiv offers cooling and power management infrastructure technologies primarily addressing data center providers. It is riding on strong AI-driven order growth. The growing focus on thermal management by data center providers bodes well for Vertiv. In the first quarter of 2024, orders jumped 60% year over year while backlog surged roughly 33% to $6.3 billion. Most of these orders will be delivered beyond 2024. Vertiv: Strong Order Growth Drives 2024 View The company now expects second-quarter 2024 order growth to be strong on a year-over-year basis. Solid AI-related demand is expected to provide a tailwind to 2025 order and sales growth. For the second quarter of 2024, Vertiv expects revenues between $1.9 billion and $1.95 billion, indicating an organic growth rate of 11-13% year over year. Non-GAAP earnings are expected between 53 cents and 57 cents per share. Vertiv Holdings Co. Stock Price and Consensus Vertiv Holdings Co. price-consensus-chart | Vertiv Holdings Co. Q
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News
- Vertiv Holdings Co. (VRT) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Vertiv Holdings Co (NYSE:VRT): Analysts Spot a New $330 Billion AI Opportunity [Yahoo! Finance]Yahoo! Finance
- These 3 Growth Stocks Have Outperformed Nvidia in the Past Year [Yahoo! Finance]Yahoo! Finance
- Vertiv Holdings Co (NYSE: VRT) had its price target raised by analysts at Evercore ISI from $95.00 to $105.00. They now have an "outperform" rating on the stock.MarketBeat
- Boasting A 29% Return On Equity, Is Vertiv Holdings Co (NYSE:VRT) A Top Quality Stock? [Yahoo! Finance]Yahoo! Finance
VRT
Earnings
- 4/24/24 - Beat
VRT
Sec Filings
- 6/21/24 - Form 8-K
- 6/13/24 - Form 8-K
- 6/4/24 - Form 8-K
- VRT's page on the SEC website