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Stock impact report

Vertiv Holdings Co. (VRT) Is Set to Benefit from its Acquisition of PurgeRite [Yahoo! Finance]

Vertiv Holdings, LLC Class A (VRT) 
Company Research Source: Yahoo! Finance
While increasing the price target from $198 to $220, the financial services firm maintained its Buy rating on the stock. This rating was issued by the analyst Andrew Kaplowitz. The newly assigned target price represents an 11.11% upside from current levels. The upward adjustment to the target price indicates that Citigroup still sees potential in Vertiv Holdings Co. (NYSE:VRT). Vertiv Holdings Co. (NYSE:VRT) completed its acquisition of PurgeRite on December 4th for approximately $1 billion. This acquisition aims to improve the company's thermal management services capabilities, mainly for AI and high-density computing data centers. The integration is intended to enhance the equipment efficiency and heat transfer and reduce the downtime. The deal positions Vertiv Holdings Co. (NYSE:VRT) well to capture the emerging market opportunities. Analysts project this year's revenue at around 28%, similar to the previous year's 28.76% growth. Gio Albertazzi, CEO at Vertiv, explained how t Show less Read more
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