A Boring Data Center Stock That Is Set To Deliver On Its 7x Revenue Target By 2028

Vertiv Holdings Co. (NYSE:VRT) is one of the 10 Stocks That Can Still Skyrocket On The Neo Cloud Boom. On June 5, Bank of America Securities analyst Andrew Obin reaffirmed a Buy rating on Vertiv Holdings Co. (NYSE:VRT) stock. While the analyst hasn’t assigned a price target, according to CNN’s compilation of analyst price targets, VRT stock has a median target price of $378, which reflects a further 27% upside from the current share price.

Vertiv Holdings Co. (NYSE:VRT) is one of the 10 Stocks That Can Still Skyrocket On The Neo Cloud Boom.

Previously, on May 15, Loop Capital initiated coverage of the provider of data center infrastructure and services, laying out its bull thesis in detail. According to the firm, Vertiv is a leading company in data center power and cooling technology. Loop analyst Ananda Baruah believes the company is well-positioned to benefit from the growing demand for AI infrastructure. The company’s revenue from AI data centers is expected to grow 7x between 2023 and 2028. As the AI infrastructure boom is still in its early stages, many investors do not realize how much demand there could be for Vertiv in the future. The analyst believes the digital infrastructure company has a huge growth opportunity as new AI companies rush to book data center capacity.

Vertiv Holdings Co. (NYSE:VRT) is an electrical equipment & parts company that specializes in critical digital infrastructure technologies & life cycle services for data centers and communication networks.

While we acknowledge the risk and potential of VRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VRT and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best High-Bandwidth Memory (HBM4) Value Chain Stocks to Buy According to Hedge Funds and  12 Best Mid-Cap AI Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1