Quick Read – VRT’s $15 billion backlog, up 109% year-over-year, supports a bull-case price target of $410, despite shares pulling back 18% last month. – Reaching $400 demands EMEA recovery, continued AI order momentum, and multiple expansion from 49x to roughly 64x forward…
rnings. – CEO Giordano Albertazzi cited very robust data center demand growth, while Chairman Dave Cote said the AI infrastructure buildout remains in its early stage. – Don’t wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now
Vertiv (NYSE:VRT) has become one of the purest ways to bet on the AI infrastructure buildout. The company sells the power, cooling, and rack systems that keep hyperscale data centers running, and the order book tells you everything. Backlog hit $15 billion at year-end, up 109% YoY, with a book-to-bill near 2.9x.
Shares are up 86.99% year to date at $302.87. Can this run carry VRT to $400 by next June? What’s Holding Vertiv Back Right Now After rallying for most of 2026, VRT had a sharp pullback this past month.