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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 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 provides mission-critical digital infrastructure technologies and lifecycle services, primarily serving data centers, communication networks, and commercial and industrial customers.

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