CoolIt Innovation Supports Vertiv’s (VRT) Long-Term Outlook, Says GLJ Research

Vertiv Holdings Co (NYSE:VRT) is included among the Top 12 Dividend Stocks to Buy According to Billionaire Cliff Asness.

On June 18, GLJ Research analyst Austin Wang upgraded Vertiv Holdings Co (NYSE:VRT) to Hold from Sell. The analyst pointed to a recent breakthrough by CoolIt, which introduced a 15kW cold plate. According to Wang, the development extends the viability of Vertiv’s single-phase data center cooling solutions well into the 2030s.

Earlier, on June 10, Bernstein initiated coverage of Vertiv with an Outperform rating and a $416 price target. The firm noted that Vertiv manufactures power and cooling equipment for data centers and is “arguably the only pure-play with scale” in the sector. In a research note, the analyst said Bernstein’s fiscal 2028 estimates are materially above broader Wall Street expectations. The firm also cited Vertiv’s “robust earnings power” as a key reason for its Outperform rating.

Vertiv Holdings Co (NYSE:VRT) provides mission-critical digital infrastructure technologies and lifecycle services, primarily serving data centers, communication networks, and commercial and industrial customers.

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