Vertiv Holdings stock fell below $300 on Tuesday, continuing a slide from its May high of $379, which analysts attribute to profit-taking after a 150% six-month gain. Despite the drop, Bernstein initiated a buy rating, citing the company’s exposure to data center growth and setting a $416 price target, implying a potential 39% upside.
Vertiv stock closed at $299 on Tuesday, falling below the $300 level after reaching a yearly high of $379 in mid-May. The downward trend has been attributed to profit booking and sell-offs following a 150% gain over six months.
On the heels of the price drop, private wealth management firm Bernstein initiated a buy rating for Vertiv stock. The investment bank wrote in a client note that accumulating shares below $300 is beneficial.
Bernstein’s note stated that the leading power management and cooling system firm has significant upside potential. The demand for its products amid the rise of data centers is seen as a key driver for future price appreciation.
The firm predicts Vertiv stock could breach the $400 level and reach a high of $416. This represents a potential 39% increase from the current price of $299.
Companies supplying infrastructural products for data centers, including SanDisk, Micron, IREN Limited, and Riot Platforms, have seen unprecedented surges since 2025. Vertiv’s stock is up nearly 200% over the past year.
Despite its meteoric rise, Wall Street interest in AI-related firms remains high due to their potential for technological shift. Bernstein’s analysis positions Vertiv as a beneficiary of ongoing data center expansion.
