Vertiv (VRT) stock has climbed roughly 86% year-to-date, trading around $300.49 as of Friday. The stock has a 52-week range of $110.06 to $379.93.
The rally has been fueled by strong demand for Vertiv’s power and cooling solutions for data centers, along with its partnership with Nvidia.
In Q1 2026, Vertiv posted EPS of $1.17, beating the $1.00 consensus by $0.17. Revenue came in at $2.65 billion, up 30.1% year-over-year, just ahead of the $2.63 billion estimate.
The company guided for Q2 2026 EPS of $1.37–$1.43 and full-year EPS of $6.30–$6.40.
Despite the strong run, some investors have turned cautious going into Q2 earnings. Bernstein analyst Varun Govindaraj noted that recent volatility and a muted reaction to Vertiv’s Investor Day suggest the market is unsure whether the conservative guidance reflects slowing growth or a cautious management tone.
Govindaraj sides with the latter. He reiterated a Buy rating on June 30 with a price target of $416.
He also addressed the 800 VDC technology debate — a topic gaining traction because it could reduce “content per MW” and open the door to more competition. Govindaraj isn’t losing sleep over it, pointing to Vertiv’s track record and noting that widespread 800 VDC adoption is unlikely before 2028.
Bank of America analyst Andrew Obin also reaffirmed a Buy rating following meetings with management. His key takeaway: Vertiv has an 800 VDC sidecar solution that it plans to begin shipping in 2027.
Obin identified Vertiv, Eaton, and Schneider Electric as the three “power systems” partners for Nvidia’s 800 VDC architecture. He expects Vertiv to see stronger order growth in the second half of 2026 versus peers that don’t have an 800 VDC offering.
QRG Capital Management increased its Vertiv position by 21.2% in Q1, picking up an additional 16,172 units to bring its total to 92,499, valued at roughly $23.2 million.
Several other institutional investors added to their positions in the first quarter. Webster Bank boosted its holdings by 6.9%, while Onyx Bridge Wealth Group lifted its stake by 2.1%.
Citigroup raised its price target to $414 in May, while TD Cowen moved its target from $347 to $387. Oppenheimer also raised its target from $330 to $353.
Overall, 89.92% of VRT stock is held by institutional investors.
Wall Street’s consensus sits at Strong Buy — 16 Buys and three Holds — with an average price target of $388.67, implying about 29.3% upside from current levels.
Vertiv also paid a quarterly dividend of $0.0625 on June 25, representing an annualized yield of around 0.1%.
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