Vertiv is a high-performing AI stock with significant growth potential.

From Nasdaq: 2024-09-20 15:28:00

Vertiv VRT is a high-performing AI stock that has grown 700% in the past two years and 90% year-to-date, despite trading 15% below its highs. Partnered with Nvidia, Vertiv provides essential power, cooling, and IT infrastructure solutions to various industries, including healthcare, retail, and telecom. This partnership has led to an increase in organic orders by 57% in the second quarter.

Projected to grow its adjusted EPS by 46% in FY24 and 28% in FY25, with a revenue increase of 13% in 2024 and 2025, Vertiv is positioned for significant growth. The company has consistently beaten EPS estimates by an average of 13% in the last four quarters, earning a Zacks Rank #1 (Strong Buy). Vertiv’s value proposition and technical levels remain strong despite its impressive stock performance.

With Vertiv stock soaring over 800% in the last five years and climbing 300% in the past three years, the company stands out in the industry. Yet, it trades at a 24% discount to its highs and offers 22% value compared to the Computers – IT Services industry. Despite its growth, Vertiv still has a vast growth runway for its data center solutions and AI technology. Wall Street analysts unanimously rate Vertiv stock as a “Strong Buy.”

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Read more at Nasdaq: Why Vertiv is a “Strong Buy” Tech Stock and Long-Term AI Investment