5 Best Multibagger Stocks to Buy Now

4. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 75

1-Year Share Price Gain as of April 19: 511.33%

Vertiv Holdings Co (NYSE:VRT) is an Ohio-based company that offers critical digital infrastructure technologies and life cycle services. In Q4 of 2023, 75 hedge funds held positions in Vertiv Holdings Co (NYSE:VRT), and their total stakes amounted to $3.101 billion. As of the fourth quarter of 2023, Philippe Laffont’s Coatue Management is the most dominant shareholder in the company with a position worth $663.383 million. As of April 19, the share price of Vertiv Holdings Co (NYSE:VRT) went up 511.33% in the past 12 months.

9 analysts have covered Vertiv Holdings Co (NYSE:VRT) over the last three months with an average price target of $86.13, showing an upside of 14.82% on April 19.

Artisan Mid Cap Fund stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its first quarter 2024 investor letter:

“During the quarter, we initiated new GardenSM positions in DoorDash, GoDaddy and Vertiv Holdings Co (NYSE:VRT). Vertiv is an industrial power equipment company primarily serving the data center market with a global supply chain in cooling, power, controls and services. Rising AI-driven GPU use in data centers has spiked the need for efficient thermal management solutions, an area where Vertiv is particularly strong. Cooling, which consumes ~25% of data center energy, is a significant, recurring operational cost. We believe Vertiv is well positioned to benefit from a multiyear profit cycle in data center construction activity and a mix shift toward GPU-based data centers (which consume 2X–3X more power).”