Wall Street Boosts Vertiv Stock (VRT) Ahead of Q3 Earnings Amid AI Infrastructure Hype
Vertiv, the Ohio-based power and cooling infrastructure provider, is riding a wave of analyst Optimism ahead of its Q3 earnings report. Multiple Wall Street firms including Mizuho, RBC Capital, and JPMorgan have raised price targets, with RBC's Deane Dray citing exposure to AI data center growth and potential US manufacturing reshoring as key drivers.
The stock's 18% target hike to $191 reflects broader industrial sector tailwinds, including anticipated Federal Reserve rate cuts that could stabilize earnings. While not a cryptocurrency play, Vertiv's infrastructure role in supporting AI workloads mirrors the compute demands driving blockchain projects like RNDR and AKT.