'Buy More Vertiv,' Jim Cramer Says As VRT Trades 20% Below Its 52-Week High
Portfolio Pulse from Surbhi Jain
Jim Cramer recommends buying more Vertiv Holdings Co (NYSE:VRT) as the stock trades 20% below its 52-week high. Despite short-term bearish indicators, long-term prospects and analyst ratings suggest significant upside potential. Vertiv has outperformed Nvidia Corp (NASDAQ:NVDA) over the past year, driven by robust earnings and growth in AI data center investments.
June 07, 2024 | 12:26 pm
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NEUTRAL IMPACT
Vertiv Holdings Co (NYSE:VRT) has outperformed Nvidia Corp (NASDAQ:NVDA) over the past year, driven by robust earnings and growth in AI data center investments.
While Vertiv's performance is highlighted in comparison to Nvidia, the news does not directly impact Nvidia's stock price. The focus remains on Vertiv's growth and potential.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Jim Cramer recommends buying Vertiv Holdings Co (NYSE:VRT) as it trades 20% below its 52-week high. Despite short-term bearish trends, long-term indicators and analyst ratings suggest significant upside potential.
Jim Cramer's endorsement and positive analyst ratings provide strong bullish sentiment. Despite short-term bearish technical indicators, long-term growth prospects and a significant upside potential make Vertiv a promising buy.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100