RBC Capital analyst Deane Dray raised the firm's price target on Vertiv to $435 from $356 and keeps an Outperform rating on the shares. The firm notes that the company's upcoming May 19-20 investor meeting will be a datacenter power/cooling technology showcase. RBC adds that it estimates Vertiv can at least grow topline by 20%-25% organically through 2030 with 25%-30% incrementals, net of capacity/growth investments, to deliver among sector-best mid-to-high 20% or more EPS CAGR, the analyst tells investors in a research note.
