5 Analysts Have This To Say About Vertiv Hldgs
Portfolio Pulse from Benzinga Insights
In the latest quarter, 5 analysts provided mixed ratings for Vertiv Hldgs (NYSE:VRT), with 3 bullish and 2 somewhat bullish ratings. The average 12-month price target for VRT has been raised to $57.0, an 18.26% increase from the previous target of $48.20. Analysts from firms including Evercore ISI Group, Citigroup, Goldman Sachs, and JP Morgan have raised their price targets, reflecting a positive outlook on the company's performance. Vertiv Hldgs has shown strong financial performance with a revenue growth rate of 17.66%, a net margin of 5.4%, and an ROE of 5.58%, despite a high debt-to-equity ratio of 1.82.
February 20, 2024 | 6:00 pm
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POSITIVE IMPACT
Vertiv Hldgs received mixed ratings from analysts, with an updated average 12-month price target of $57.0, indicating a positive outlook. The company's strong financial performance, including significant revenue growth and profitability, supports this optimistic view.
The increase in the average price target by analysts, coupled with Vertiv Hldgs's strong financial performance indicators such as revenue growth, net margin, and ROE, suggests a positive short-term impact on VRT's stock price. The unanimous decision to raise price targets by reputable analysts from Evercore ISI Group, Citigroup, Goldman Sachs, and JP Morgan further strengthens the case for a bullish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100