5 Best AI Pick-and-Shovel Stocks to Buy

3. Vertiv Holdings Co (NYSE:VRT)

On April 1, 2026, Barclays analyst Julian Mitchell raised the price target on Vertiv Holdings Co (NYSE:VRT) to $300 from $281 and maintained an Overweight rating as part of a broader Q1 preview. Julian Mitchell said the sector is facing “more demand question marks,” though expectations have been “somewhat re-based.”

On March 30, 2026, Vertiv Holdings Co (NYSE:VRT) announced an approximately $50M investment to expand its manufacturing operations in Ironton, Ohio, and its headquarters campus in Westerville, Ohio. The expansion is expected to create hundreds of jobs through 2029 and increase production capacity for liquid cooling and chilled water systems by about 45%, with operations at the Ironton site expected to begin in the second quarter of 2027.

On March 24, 2026, HSBC initiated coverage on Vertiv Holdings Co (NYSE:VRT) with a Buy rating and a $325 price target. HSBC said the company is an “important enabler” of AI growth through its power and thermal management solutions, and expects strong long-term demand for data center infrastructure, projecting significant earnings growth through 2028.

Vertiv Holdings Co (NYSE:VRT) provides infrastructure technologies and services for data centers and digital networks.