Morgan Stanley raises Vertiv stock price target on data center growth

Morgan Stanley has increased its price target for Vertiv Holdings Co. (NYSE:VRT) to $350 from $285, maintaining an Overweight rating, due to the company’s strong position in the data center capital expenditure cycle. Vertiv, which derives over 80% of its revenue from data center operations, reported impressive Q1 2026 results that exceeded analyst expectations, leading other firms like Mizuho and Barclays to also raise their price targets. The stock’s valuation reflects its significant 292% return over the past year, though InvestingPro suggests it is currently overvalued relative to its Fair Value.

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