KeyBanc Capital Markets initiated coverage of Vertiv Holdings Co. (VRT) with an Overweight rating and a $360 price target, while launching coverage of AAON Inc. (AAON) at Sector Weight, arguing that a multiyear surge in artificial intelligence infrastructure To ensure this…
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Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights KeyBanc believes continued AI investment by cloud providers will drive prolonged demand and revenue growth for data center equipment suppliers such as Vertiv, exceeding Wall Street expectations. KeyBanc cites Vertivâs high data center revenue exposure, strong market position, broad product portfolio, and engineering expertise as reasons for its sustainable advantage and justified valuation premium.
KeyBanc notes that most growth opportunities are already priced in, while heavy investment and software rollout expenses could temporarily limit margin expansion for AAON