11 Must-Watch AI Stocks on Wall Street

8. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 104

Vertiv Holdings Co (NYSE:VRT) is one of the 11 Must-Watch AI Stocks on Wall Street. On October 22, Evercore ISI raised its price target on the stock to $210 from $200 while maintaining an Outperform rating. The rating affirmation follows Vertiv’s robust quarterly results.

The company reported third-quarter revenue of $2.67 billion and earnings per share of $1.24, beating analyst expectations of $2.58 billion and $0.98, respectively.

It also experienced an impressive organic revenue growth of an estimated 28% year-over-year, driven by strength in North America (+43%) and APAC (+21%), and partially offset by weakness in EMEA (-4%).

Strong AI data center engagements totaling approximately $3.75 billion led to orders surging in the third quarter.

Looking ahead, the company guided for approximately 20% organic growth to $2.85 billion and earnings per share of $1.26 in the December quarter. This softer EBIT margin guidance is due to headwinds from higher tariff costs and increased fixed costs, as VRT had capital expenditure additions from early 2026 to December 2025.

“Worth noting that orders were up an impressive 60% in Q3 driven by strong AI DC engagements (~$3.75B) and resulted in a book-to-bill of 1.4x and a backlog of $9.5B. Worth noting that the backlog/orders for VRT consists of FIRM PURCHASE ORDERS – implying that the multiple of sizable engagements we have seen recently (OpenAI/NVDA, ORCL RPO, etc.) are likely all upside levers over the next several years. While EMEA was weaker vs. expectations, VRT expects to see an acceleration in H2-26, supported by the deployment of AI inferencing infrastructure that must reside in-region and in-country to meet sovereignty and latency requirements. For the Dec-qtr, VRT guided for ~20% organic growth to $2.85B and EPS of $1.26, implying EBIT margin of 22.4% (flat on a q/q basis). The softer EBIT margin guide of -100bps lower reflects headwinds equally from higher tariff costs vs. expected and some uptick in fixed costs as VRT pulled in capex additions from early CY26 to Dec25. NetNet: We think VRT structurally remains positioned to show revenue acceleration in CY26/27 vs street models calling for sizable deceleration. Sticking with our OP rating but adjusting our target to $210 (prior $200) to reflect higher FTM EP.”

Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities.